The REC trading session for the month – March 2014 concluded yesterday. Since March marks the end of the financial year, there has been a significant spike in volume traded in the month. The solar REC trade volume saw a growth of 33% compared to the numbers seen last month while the non-Solar RECs’ traded volume also spiked – with trade volume increasing by about 74% compared to the previous month.
The trade volume in the solar REC market – 11019 total RECs traded is the highest this financial year and in fact the largest volume traded since solar REC trading began in May 2012. The story holds true in the non-solar REC segment too with the volume traded standing at 658727 which is about 1.5 times greater than the volume traded in March 2013 and is also the highest volume of non-solar RECs to be cleared in a single month since trading began.
Though there was a significant growth in the traded volume, both Solar and non-solar RECs traded at their floor price of Rs. 9,300 and Rs.1,500 per REC respectively.