{"id":4593,"date":"2018-11-29T10:44:50","date_gmt":"2018-11-29T05:14:50","guid":{"rendered":"http:\/\/reconnectenergy.com\/blog\/?p=4593"},"modified":"2018-11-29T10:44:50","modified_gmt":"2018-11-29T05:14:50","slug":"rec-trade-result-november-2018","status":"publish","type":"post","link":"https:\/\/reconnectenergy.com\/rec-trade-result-november-2018\/","title":{"rendered":"REC trade result &#8211; November 2018"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">This month trading session saw a good price discovery for both solar &amp; non-solar RECs. The market saw a significant price hike in solar as compared to last month. The demand for both solar &amp; non-solar remained consistent while the supply remained limited. As we approach the year-end, the obligated entities are in the process to comply with their obligations and hence the higher demand in order to not face any penalties for non-compliance. <\/span><b>However, the highlight of this month\u2019s trade was that solar crossed the floor price of INR 1,000.<\/b><br \/>\n<b>Non-Solar<\/b><span style=\"font-weight: 400;\">: This session the RECs were traded at the price of INR 1260 at PXIL <\/span><b>(26.0% above the floor price) <\/b><span style=\"font-weight: 400;\">and INR 1252 at IEX (<\/span><b>25.2% above the floor price<\/b><span style=\"font-weight: 400;\">). A total of <\/span><b>4,46,861<\/b><span style=\"font-weight: 400;\"> RECs were traded in this session leaving an inventory of <\/span><b>20,43,871<\/b><span style=\"font-weight: 400;\"> Non-Solar RECs. (However, a significant portion of these do not participate in trading as they would either be owned by Discom\u2019s or are for self-retention).<\/span><br \/>\n<b>Solar<\/b><span style=\"font-weight: 400;\">: Total number of solar RECs traded in this session was <\/span><b>58,877<\/b> <span style=\"font-weight: 400;\">(<\/span><b>368% decrease from the last months\u2019 trade<\/b><span style=\"font-weight: 400;\">). The clearing ratio was <\/span><b>100%<\/b><span style=\"font-weight: 400;\"> at PXIL &amp; <\/span><b>100% <\/b><span style=\"font-weight: 400;\">at IEX respectively (w.r.t floor price). RECs traded at the floor price, i.e. INR 1051 at PXIL and at Rs 1101 at IEX.<\/span><br \/>\n<span style=\"font-weight: 400;\">The overall trade volume (5,05,738 RECs) decreased by almost 39.05% from the last months\u2019 trade volume (7,03,256 \u00a0RECs).<\/span><br \/>\n<a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2018\/11\/Clearance-ratio-November-2018.png\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-4594\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2018\/11\/Clearance-ratio-November-2018.png\" alt=\"\" width=\"616\" height=\"354\" srcset=\"https:\/\/reconnectenergy.com\/wp-content\/uploads\/2018\/11\/Clearance-ratio-November-2018.png 616w, https:\/\/reconnectenergy.com\/wp-content\/uploads\/2018\/11\/Clearance-ratio-November-2018-300x172.png 300w\" sizes=\"(max-width: 616px) 100vw, 616px\" \/><\/a> <a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2018\/11\/Price-trend-november-2018.png\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-4595\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2018\/11\/Price-trend-november-2018.png\" alt=\"\" width=\"560\" height=\"364\" srcset=\"https:\/\/reconnectenergy.com\/wp-content\/uploads\/2018\/11\/Price-trend-november-2018.png 560w, https:\/\/reconnectenergy.com\/wp-content\/uploads\/2018\/11\/Price-trend-november-2018-300x195.png 300w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/><\/a> <a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2018\/11\/Total-REC-traded-november-2018.png\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-4596\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2018\/11\/Total-REC-traded-november-2018.png\" alt=\"\" width=\"472\" height=\"340\" srcset=\"https:\/\/reconnectenergy.com\/wp-content\/uploads\/2018\/11\/Total-REC-traded-november-2018.png 472w, https:\/\/reconnectenergy.com\/wp-content\/uploads\/2018\/11\/Total-REC-traded-november-2018-300x216.png 300w\" sizes=\"(max-width: 472px) 100vw, 472px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This month trading session saw a good price discovery for both solar &amp; non-solar RECs. The market saw a significant price hike in solar as compared to last month. The demand for both solar &amp; non-solar remained consistent while the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[195,97,55,66,100],"tags":[937],"_links":{"self":[{"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/posts\/4593"}],"collection":[{"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/comments?post=4593"}],"version-history":[{"count":0,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/posts\/4593\/revisions"}],"wp:attachment":[{"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/media?parent=4593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/categories?post=4593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/tags?post=4593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}