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Web Exclusive | October 2013

RECs continue to pile at IEE

At the Indian Energy Exchange, the September trading session featured a trade of 38,195 N-solar and 5,880 Solar renewable energy certificates (RECs) with supply far exceeding demand. In the non-solar segment, buy bids of 38,195 RECs and sell bids of 23,25,171 RECs were received against which 38,195 were cleared at Rs 1,500 per REC. Media reports say that in the solar segment, buy bids of 5,880 RECs and sell bids of 37,028 RECs were received against which 5,880 RECs were cleared at Rs 9,300 per REC. The trading session featured 658 participants of which 601 participated in non-solar segment while 159 participated in the solar segment. On an overall basis, a total of 1,969 participants are registered in the REC segment at IEX. Of this, 504 are eligible entities (RE Generators) 1,452 are obligated entities - Discoms & open access consumers & captive generators and 13 are registered as voluntary entities.
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