Comments
The fifth Renewable Energy Certificate (REC) trading session of the current financial year witnessed supply far exceeding demand again.
Trading on the Indian Energy Exchange (IEX) on Wednesday featured 31,101 non-solar trades and 1,754 solar RECs.
For the non-solar RECs, buy bids of 31,101 and sell bids of 18,72,449 were received. Of this, 31,101 were cleared at Rs 1,500 per REC, IEX said in a statement.
For solar RECs, buy bids of 1,754 and sell bids of 23,338 were received, against which 1,754 were cleared at Rs 9,300 per REC.
This trading session featured 736 market participants, of which 601 participated in the non-solar segment while 135 participated in the solar segment.
Overall there are 1,927 participants registered in the REC segment at IEX. Of these, 486 are eligible entities (renewable energy generators), 1,428 obligated entities (discoms, open access consumers and captive generators) and 13 are registered as voluntary entities.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.