The first trading session of renewable energy receipts (REC) on March 30, witnessed a total of 424 non-solar RECs traded on two power exchanges
While 274 non-solar RECs got traded on PXIL at a clearing price of Rs 2225 per certificate, 150 non-solar RECs were transacted on India Energy Exchange at a price of Rs 3,900 per REC.
Incidentally Rs 3,900 per REC is the forbearance price fixed by the regulator, the Central Electricity Regulatory Commission, for trading of RECs.
Technically, March 30 was the second trading session for IEX but the first trading session on March 23 did not see any buy bids . However on March 30, both buyers and sellers participated to fulfil their renewable energy purchase obligation (RPO) at the end of the financial year.
While a total of 70,377 non-solar and 30,001 solar RECs purchase bids were received at IEX, 150 bids got received from selling side which were traded.
Major buyers included Reliance Infrastructure and LNJ Bhilwara, distribution companies and industries.
More From This Section
Till date, the National Load Despatch Centre has issued a total 532 RECs. The next trading session will be on April 27, 2011
REC is a tradable receipt, representing a value of one megawatt hour (MwH) of power injected into the grid through renewable resources. This would be issued to a generator of RE upon complying with conditions.Currently, 108 RECs issued represent 140 Mw power.