{"id":4262,"date":"2017-09-26T21:45:26","date_gmt":"2017-09-26T16:15:26","guid":{"rendered":"http:\/\/reconnectenergy.com\/blog\/?p=4262"},"modified":"2017-09-26T21:45:26","modified_gmt":"2017-09-26T16:15:26","slug":"indian-witnesses-first-ever-trade-of-escerts","status":"publish","type":"post","link":"https:\/\/reconnectenergy.com\/indian-witnesses-first-ever-trade-of-escerts\/","title":{"rendered":"INDIA WITNESSES FIRST EVER TRADE OF ESCERTS"},"content":{"rendered":"
The first ever trading of energy saving certificates (ESerts) took place today.<\/p>\n
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The demand of ESCerts in this trading session was expected to be much lower than the supply because of the following reasons: 1) All sectors except one have overachieved on their energy savings targets resulting in an overall excess supply situation in the market; and 2) DCs were likely to wait and review the discovered price.<\/p>\n
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This week\u2019s trading took place only on IEX. In total, there was a demand for 50,904 ESCerts, against a total supply of 2,39,644 ESCerts. Market clearing price was determined at Rs 1,200\/ ESCert, with only 10,904 ESCerts sold<\/strong> (the total traded value was Rs 1.31 crore).<\/p>\n