IEX Trades 4.25 Lac Recs in Trading Session; Buy Bids Exceeding the Sell Bids
Deepthi | Myequity news | Date : 01-11-2018 14:30:00 IST
A total of 4,25,289 RECs were cleared in the REC trading session at the Exchange held on Wednesday, 31st October, 2018 featuring trade of 2,95,010 Non-Solar RECs and 1,30,279 Solar RECs. The trading session saw increase of 24% YoY basis and decline of 73% MoM basis.
SOLAR REC :
A total of 1,30,279 Solar RECs were traded with sell bid at 3,35,003 and buy bid at 5,76,535. The clearing price discovered was Rs.1001 per REC.
NON-SOLAR REC :
A total of 2,95,010 Non-Solar RECs were traded with sell bid at 4,45,847 and buy bid at 7,24,461. The clearing price discovered was Rs. 1,251 per REC.
Both Solar and Non-Solar REC saw reversal in REC demand-supply situation with buy bids exceeding the sell bids.
The distribution companies were the major buyers in the session followed by captive and open access consumers.
KEY HIGHLIGHTS: REC TRADING SESSION HELD ON OCTOBER 31, 2018
A total of 602 participants participated in the trading session. Overall 3,585 participants are registered in the REC segment at IEX out of which 783 are Eligible Entities (RE Generators); 2,781 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 21 are registered as Voluntary Entities.
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. The Exchange is certified for quality management (ISO 9001:2008, Information security management (ISO 27001:2013) and environment management (ISO 14001:2004).