{"id":5754,"date":"2014-04-30T18:45:40","date_gmt":"2014-04-30T13:15:40","guid":{"rendered":"http:\/\/reconnectenergy.com\/blog\/?p=1790"},"modified":"2014-04-30T18:45:40","modified_gmt":"2014-04-30T13:15:40","slug":"rec-trade-report-april-2014","status":"publish","type":"post","link":"https:\/\/reconnectenergy.com\/rec-trade-report-april-2014\/","title":{"rendered":"REC Trade Report &#8211; April 2014"},"content":{"rendered":"<p style=\"text-align: justify;\">We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 30th April 2014.<\/p>\n<p style=\"text-align: justify;\">Following is a brief of the analysis:<\/p>\n<p style=\"text-align: justify;\">April 2014 was the first month of compliance year FY 2014-15. As expected, the volumes in non-solar and solar REC markets nosedived as compared to last months trading session (Refer &#8211;\u00a0<a href=\"http:\/\/reconnectenergy.com\/blog\/2014\/03\/rec-trade-report-march-2014\/\">Blog &#8211; post on \u00a0March 2014 REC Trade<\/a>).\u00a0 The REC inventory\u2019s closing balance stood at a mammoth 6.6 million RECs. The total RECs redeemed in April 14 were 80,343 RECs only. The RECs issued this month was again a 7digit number &#8211; about 1.1 million RECs. Cumulatively, March\u201914 \u00a0and April\u201914 alone added over 3 million RECs, which is 23% of the total RECs issued till date. \u00a0This escalation in supply side and almost no demand side participation sums the state of current Indian REC market place.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline;\">Non-Solar RECs<\/span><\/strong><strong> \u2013<\/strong><\/p>\n<p style=\"text-align: justify;\">Demand dropped by 88% and supply was up by 3.2% w.r.t March\u2019 14. Price of non-solar RECs remained at floor price \u2013 INR 1,500 per REC. Total non-solar redeemed were 79,354 (as per REC registry).<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/NS-Trade-Chart.png\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1791\" title=\"NS Trade Chart\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/NS-Trade-Chart-1024x323.png\" alt=\"\" width=\"1024\" height=\"323\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/NS-Price.png\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1792\" title=\"NS Price\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/NS-Price-1024x365.png\" alt=\"\" width=\"1024\" height=\"365\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline;\">Solar RECs \u2013 <\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">Price of solar REC continued to trade at floor (INR 9,300 per REC) for a consecutive 11<sup>th<\/sup> month. Demand fell to less than 1,000 and supply rose by 22%. Clearing ratios at both exchanges were close to half percent (0.5%) only. As per registry, solar RECs redeemed in April14 was 989.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/Solar-Trade.png\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1793\" title=\"Solar Trade\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/Solar-Trade-1024x386.png\" alt=\"\" width=\"1024\" height=\"386\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/Solar-Prcie.png\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1794\" title=\"Solar Prcie\" src=\"http:\/\/44.224.164.21\/new__w\/wp-content\/uploads\/2014\/04\/Solar-Prcie-1024x318.png\" alt=\"\" width=\"1024\" height=\"318\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">For more details please refer table below \u2013 Our online market tracker tool can be accessed <a href=\"http:\/\/www.reconnectenergy.com\/letest-rec-trade-results\/\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are pleased to bring the REC trade results and our analysis on REC trade session conducted on 30th April 2014. Following is a brief of the analysis: April 2014 was the first month of compliance year FY 2014-15. As [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[97,55,56,66,148,100],"tags":[86,62,75,76,64,65,69,78,79,101],"_links":{"self":[{"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/posts\/5754"}],"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=5754"}],"version-history":[{"count":0,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/posts\/5754\/revisions"}],"wp:attachment":[{"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/media?parent=5754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/categories?post=5754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reconnectenergy.com\/wp-json\/wp\/v2\/tags?post=5754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}