The REC trading session for the month – May 2014 concluded today. Last month witnessed significant falls in trading in both solar and non-solar RECs. While the non-solar REC traded volumes fell by about 63% this month, the traded volume of solar RECs almost doubled compared to last month’s numbers increasing by about 114%.
The boost in solar REC trading augurs well for the solar industry which is dire need of positive news on the RPO/REC front. The need of the hour is more stringent RPO enforcement which could help further the industry and boost investor confidence. However it is imperative keep in mind that the REC guidelines are scheduled to lapse in 2017 with no announcement as yet on the future of the RPO/REC market.
Both Solar and non-solar RECs continue to be traded at their floor price of Rs. 9,300 and Rs.1,500 per REC respectively.
Details of last month’s trading can be accessed here.