Total demand on IEX was 3,18,235 ESCerts against a total supply of 13,66,279 ESCerts. Market Clearance price was determined at Rs.250/ESCerts with the Market Clearance volume of 2,42,733 ESCerts. 

On PXIL, total supply was 47,545 ESCerts whereas total demand was 13,993 ESCerts. Market Clearance price was determined at Rs.245/ESCerts with the Market Clearance volume of 13,375 ESCerts.

Both buyers and sellers showed positive responses in terms of volume. Even though the market clearing price was low, today’s session witnessed an increasing number of participation with 149 participants on IEX and 14 on PXIL.

Buy & Sell curve of ESCerts for PAT II Trade commenced on 02 Nov’21(IEX)

Source: IEX

Trend of Market Clearing Volume, Market Clearing Price and Market Value of PAT Cycle II are as follows:

Since this was the first session of PAT cycle II, there were a lot of uncertainties with respect to price and volume from both sellers and buyers. 

On IEX, there was a demand for 99249 ESCerts against a total supply of 518499 ESCerts. Market Clearance price was determined at Rs.250/ESCerts with the Market Clearance volume of 43409 ESCerts.

Total supply on PXIL was 8700 ESCerts whereas total demand was 500 ESCerts. None of the ESCerts got traded on PXIL during this session as there was quite a huge gap in price expectations of buyers and sellers. As a result there was no clearance of volume..

Market share of REConnect during this trade session was 100% on IEX.

Buy & Sell curve of ESCerts for PAT II Trade commenced on 26 Oct’21:

source: IEX

A reference of the trade result from the 14 trading sessions of PAT I Trade is as below:

In total, there was a demand for 110,511 ESCerts, an decrease of nearly 27.39% from last week. This demand was against a total supply of 8,94,445 ESCerts (increase of 8.46% since last week). ?Market clearing price was determined at Rs 450/ ESCert (the price determined last week was Rs 501 per ESCert), with 109,161 ESCerts sold (value traded increased by 30.92%; the total traded value was Rs 4.91 crore).

The last date of submission of Form D is 19 January 2018.

The trading data provided by IEX on their website can be accessed here.



 
Source: IEX
 

In total, there was a demand for 152,195 ESCerts, an increase of nearly 4.85% from last week. This demand was against a total supply of 824,707 ESCerts (increase of 6.06% since last week). ?Market clearing price was determined at Rs 501/ ESCert (the price determined last week was Rs 500 per ESCert), with 74,895 ESCerts sold (value traded increased by 158.93%; the total traded value was Rs 3.75 crore).

The trading data provided by IEX on their website can be accessed here.



 

Source: IEX

BEE (Bureau of Energy Efficiency), in its circular dated 02.01.2018 has announced an extension of the last date for compliance of PAT Cycle – 1 to 19th January 2018 from 31st December 2017. No change in the timings of trading have been proposed by BEE.

This extension has been granted since out of 384 DCs, application for 33 are still under approval process by the registry.

In total, there was a demand for 145,150 ESCerts, a decrease of nearly 60.34% from last week. This demand was against a total supply of 777,567 ESCerts (decrease of 28.96% since last week). ?Market clearing price was determined at Rs 500/ ESCert (the price determined last week was Rs 899 per ESCert), with 28,983 ESCerts sold (value traded decreased by 92.7%; the total traded value was Rs 1.45 crore).

The trading data provided by IEX on their website can be accessed here.

 

 

Source: IEX

In total, there was a demand for 365,980 ESCerts, a decrease of nearly 50% from last week. This demand was against a total supply of 1,094,568 ESCerts (increase of 31.68% since last week). ?Market clearing price was determined at Rs 899/ ESCert (the price determined last week was Rs 1,000 per ESCert), with 2,20,791 ESCerts sold (value traded decreased by 55.87%; the total traded value was Rs 19.85 crore).

This was the last trading session for compliance under PAT cycle I. In total 10.85 lakh ESCerts have been purchased till date, compared to an estimated demand of about 14.25 lakhs ESCerts. The following graph illustrates the total demand as compared to the total ESCerts traded.

Companies that have failed to purchased ESCerts in compliance with their PAT Cycle I requirements will be required to now pay penalty at the rate of Rs 10,968. It will be upto BEE to levy and collect the penalty.

Based on the experience so far in the RPO markets, there are hardly any instances of imposition of penalty. However, if the BEE extends the deadline or fails to impose the penalty in a timely manner, it will set a very poor precedent for PAT Cycle II.

The trading data provided by IEX on their website can be accessed here.

In total, there was a demand for 7,30,885 ESCerts, an increase of nearly 47.5% from last week. This demand was against a total supply of 8,31,224 ESCerts (increase of 91.6% since last week). ?Market clearing price was determined at Rs 1,000/ ESCert (the price determined last week was Rs 525 per ESCert), with 4,49,818 ESCerts sold (value traded increased by nearly 539.6%; the total traded value was Rs 44.98 crore).
 

Trading volumes have increased in recent weeks as the compliance period is coming to a close. Next week is expected to be last trading session for compliance under PAT cycle I. In total 8.65 lakh ESCerts have been purchased till date, compared to an estimated demand of about 14 lakhs ESCerts.

The trading data provided by IEX on their website can be accessed here.

Source: IEX

Regards,

Team REConnect

In total, there was a demand for 1,17,514 ESCerts, an increase of nearly 1000% from last week. This demand was against a total supply of 3,68,361 ESCerts (increase of 9.5% since last week). ?Market clearing price was determined at Rs 250/ ESCert (the price determined last week was Rs 200 per ESCert), with 36,580 ESCerts sold (value traded increased by nearly 500%; the total traded value was Rs 0.91 crore). REConnect’s market share in this trade session was 85.7%.

Source: IEX

In total, there was a demand for 10,963 ESCerts, a decrease of 10.44% from last week. This demand was against a total supply of 336,121 ESCerts (increase of 5.10% since last week). ?Market clearing price was determined at Rs 200/ ESCert (same as last week), with 7513 ESCerts sold (value traded reduced by 38%; the total traded value was Rs 0.15 crore). REConnect’s market share in this trade session was 72%.
 


 

Source: IEX