Saturday, March 01, 2014: The traded volume of the renewable energy certificates doubled this month, as accounted on the Indian Energy Exchange.
The traded volume of the renewable energy certificates have reportedly more than doubled in the month of February. The data comes as accounted on the Indian Energy Exchange (IEX). Prices of these certificates are listed both, in solar and non-solar segments.
All the same, the prices remained flat on a month-on-month basis. The total traded volume of Renewable Energy Certificates (RECs), during the session on 26 February, treached 1,83,923, while in January, it was at 84,472.
In February, the solar segment saw 7,816 buy bids, and the sale bids were at 1,14,539 RECs. Each solar REC was cleared at a price of Rs 9,300. Countability, one REC is equivalent to 1 MWh of energy generated from the renewable sources. These are used as means to help various entities meet the Renewable Purchase Obligation (RPO) set by the states.
The IEX said in a statement that “the total trade volume (in February) increased by 117 per cent as compared to 84,472 RECs traded last month.” IEX, the country’s leading power exchange said, in the non-solar segment, that there were 1,76,107 purchase bids compared to 20,15,377 sell bids. However, the clearing price stood at Rs 1,500 per REC.
The latest round of REC trading has 751 participants, with 575 entities taking part in the non-solar segment.
The overall calculate says 2,122 participants are registered in the REC segment at the exchange.
