April saw trading resume for Solar RECs after a gap of one year, after the ApTel pronounced judgment in the case of REC pricing. Also, after record sale of Non-solar RECs in the last 5 months, there was almost no inventory left of Non-solar RECs. In both Solar and Non-solar RECs, demand was robust, considering that this is the first month of the new financial year.

Non Solar –?Clearing ratio in exchange stood at?72.6%?and?77.2%?in IEX and PXIL respectively for Non Solar?REC’s. ?A total of?187,543 RECswere traded, despite demand being at 1,099,426 (as compared to?538,371?RECs traded April 2017; an increase of 104%). RECs traded at the floor price of Rs 1,000/ REC at PXIL, but increased by a minuscule fraction to Rs 1,001/ REC at IEX. However, this increase in the traded price above the floor price has come after a gap of almost 6 years (last trading above the floor price was in August 2012).

Solar –?Demand was robust at 8.75 lakh RECs (3.2X demand of April 2017). Clearing ratio stood good at?23.8%?and?10.4%?in IEX and PXIL respectively.