The REC trading for the month of October that took place on 30th October 2013. The trading of both non-solar and solar RECs showed marked improvement from previous month. The details of the trading are as follows
The sale of non-solar REC increased by 3 times from the previous month, but it was still lower than that record trade volumes experienced in the month of July 2013. The trading price continued to be at the floor of Rs. 1500/REC.
However, only about 4% of the total non-solar RECs that were available for sale were actually bought. On the positive side, this is still an improvement from the previous month when only 1.4% of the RECs available were bought.
Solar REC trading increased by 28.4% from the previous month, but the price remained at the floor of Rs. 9,300/REC.
13.6% of the total solar RECs available were bought. This is a marginal improvement from the corresponding number of 13.4% from the previous month.
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