REC Trade Result May 2016

May 2016 saw reduced traded volumes compared to?last month?and from May 2015. Generally early months of the compliance year see significantly reduced trading volumes. However,?May 2015?saw high trading volume due to the Supreme Court order on RPO compliance.
Compared to last month, this month saw a reduction of demand by approximately?44.3%?and?21.7%, for non-solar and solar respectively. The total transaction value stood at?31.5?Crores as compared to?113?Crores last month.
This month also saw significant rise in total REC issuance, which stood more than double of what it was last month. However, while solar issuance fell marginally, there was a steep rise in issuance of non-solar RECs. This also resulted in increased quantum of Sell bids at the exchanges.
Analysis of?Trading:
Non Solar –?Clearing ratio in exchange stood at?1.15%?and?1.38%?in IEX and PXIL respectively for Non Solar?REC’s. A total of?161,858?RECs?were traded as compared to?290,457?RECs traded in?April.
Solar –?Clearing ratio stood good at?0.61%?and?0.41%?in IEX and PXIL respectively, with total clearing volume falling marginally as compared to last month.




 
The graph below is a Y-o-Y graph which depicts the comparison of REC Traded from May 2014 to May 2015 and May 2015 to May 2016.