According to reports, the traded volume of renewable energy certificates more than doubled this month on the Indian Energy Exchange (IEX). Prices of these certificates both in solar and non-solar segments, however, remained flat on a month-on-month basis.
The total traded volume of RECs, during yesterday’s session, touched 1,83,923. In January, the same was at 84,472.
One Renewable Energy Certificate (REC) is equivalent to 1 MWh of energy generated from renewable sources. These are used as instruments to help entities meet the Renewable Purchase Obligation set by states. “The total trade volume (in February) increased by 117 per cent as compared to 84,472 RECs traded last month,” IEX said in a statement today.
In February, the solar segment saw 7,816 buy bids while the sale bids were way higher at 1,14,539 RECs. Each solar REC was cleared at a price of Rs 9,300. IEX said in the non-solar segment, there were 1,76,107 purchase bids compared to 20,15,377 sell bids while the clearing price stood at Rs 1,500 per certificate.
The latest round of REC trading saw 751 participants with as many as 575 entities taking part in the non-solar segment.
Overall, 2,122 participants are registered in the REC segment at the exchange.