A record sale of renewable energy certificates' (RECs) was witnessed in September's trading session at India Energy exchange (IEX), one of the India's premier power exchanges. IEX received sale offers of 6,65,735 RECs.
Total RECs available were 11.66 lakh, out of which more than 7 lakh RECs were offered for sale. The available RECs in the current month were higher than the total RECs traded in the last financial year.
The total trading volume in RECs on IEX was 2,40,099 RECs, including non-solar and solar both. Another distinctive feature in the last two sessions was that all purchase bids were successful since the price discovered was the floor price Rs 1500/REC.
Total non-solar RECs bid for purchase was 2,39,364 and same was the cleared volume. For Solar RECs, buy bids of 1,317 RECs and sale bids of 1,094 RECs were received against which 735 RECs were cleared at Rs 12,500/REC.
Total participants in the auction were 373 consisting of 191 participants from Discoms, captive consumers & open access consumers on the buy side and 182 eligible entities on the sale side.
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