REC Trading: Sept-2013

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The second quarter of this Financial Year ended on a positive note, resulting in slight growth in demand of Solar as well as Non-Solar RECs. Despite the efforts of State Regulators and the State Nodal Agency to create demand from the obligated entities, the participation is not yet seen from few active states also. Today the demand of both Solar & Non-Solar RECs on both the Power Exchanges has shown the upward trend. IEX has been consistently winning the confidence of stakeholders in solar segment by having good percentage of trading volume of Solar RECs, and as seen in this trading session also the clearance ratio landed at 15.87%. Even if this figure continues the solar power projects in REC mode should enjoy reasonable IRR.Picture2

In comparison to last trading session of August 2013, the buyer’s participation has substantially increased by 184.53 % for Solar and has slightly increased by 21.87 % for Non-Solar. The development in enforcement of RPO is expected to create healthy demand of certificates by the end of third quarter which shall bring a big relief among the stakeholders.

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REC Inventory:

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Non-Solar REC Market:

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Solar REC Market:

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Market Comparison:

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Source: PXIL, IEX

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