IEX TRADES 5.08 LAC RECs IN TRADING SESSION HELD ON 29 AUGUST’18
Deepthi | Myequity news | Date : 30-08-2018 21:30:00 IST
The REC trading session held on Wednesday, 29th August, 2018, saw a total trade of 5,07,811 lac RECs comprising of 2,91,588 lac Non-Solar RECs and 2,16,223 lac Solar RECs. The distribution companies emerged as the major buyers in the session followed by open access and captive consumers.
•A total of 2, 91,588 non-Solar RECs were traded with buy bid at 6, 68,060 and sell bid at 4, 39,855. The clearing price discovered was Rs 1,200 per REC.
•Continuing the pattern since March 2018, the non-solar segment continued to see reversal in REC demand-supply situation with buy bids exceeding the sell bids.
•A total of 2,16,223 Solar RECs were traded with buy bid at 2,16,223 and sell bid at 14,58,702 . The clearing took place at floor price of Rs 1000 per REC.
KEY HIGHLIGHTS: REC TRADING SESSION HELD ON AUGUST 29, 2018
A total of 739 participants participated in the trading session. Overall 3550+ participants are registered in the REC segment at IEX out of which 764 are Eligible Entities (RE Generators); 2,785 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 21 are registered as Voluntary Entities.About IEX:
IEX is India’s first and largest power exchange offering participants an automated platform to trade in Electricity, Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts). The exchange enables competitive and efficient price discovery, increases the accessibility and transparency of the power market and enhances the speed and efficiency of trade execution.