Solar REC Trading Witnesses Unprecedented Spike in September 2018


Solar REC Trading Witnesses Unprecedented Spike in September 2018

Solar renewable energy certificate (REC) trading witnessed an unprecedented spike in the month of September 2018. A total of 1,558,062 solar RECs were traded in September 2018. This is 1,071,933 more solar RECs than the 486,129 solar RECs traded in August 2018.

All solar RECs were traded at a floor price of ₹1,000 (~$13.81)/REC.

On the Indian Energy Exchange (IEX), a total of 1,359,045 solar RECs were traded with sell bid at 1,461,202 and buy bid at 2,156,459. On the IEX, a total of 1,142,822 more solar RECs were traded this month when compared to the 216,223 solar RECs traded in August 2018.

On the Power Exchange India Limited (PXIL), a total of 199,017 solar RECs were traded with sell bid at 538,079 and buy bid at 199,017. On the PXIL, 70,889 less solar RECs were traded this month when compared to August 2018.

When contacted, a market insider said, “This month DISCOMs were the major buyers. The seriousness around renewable purchase obligation (RPO) compliance is increasing after the government order. Read More

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