REC Trading Session: March 2016
Market sees 2.5 times increase in trade over Feb’16
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Highlights of the trading session held on 30 March, 2016:
Non-Solar REC
Trade Volume (REC)
6,00,940
Sell bid (REC)
78,45,782
Purchase Bid (REC)
6,00,940
Price discovered (Rs/REC)
1,500
No. of participants
1,253
Solar REC
1,08,797
21,43,539
1,08,797
3,500
852
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With almost 7.10 lacs RECs traded in March’16 REC Session at IEX held on 30 March, 2016, the traded volume
surged over 2.5 times over Feb’16. This is the second highest trade so far after December’15 when 8.66 lacs RECs
were traded.
With Government of India placing huge emphasis on RPO compliance, obligated entities including Captive Power
consumers, Open Access consumers and Discoms have come forward to comply with their RP Obligation.
The key details of the trading session are as below:

In the non-solar segment, total buy bids of 6,00,940 were received against total sell bids of 78,45,782 and
all bids were cleared at floor price of Rs 1,500 per REC.

In the solar segment, total buy bids of 1,08,797 were received against total sell bids of 21,43,539 and all
bids were traded at floor price of Rs 3,500 per REC.
In fiscal 15-16, about 31.4 lacs RECs were traded at IEX, more than double of 15.5 lacs RECs traded last fiscal.
Participants:
A total of 2,105 participants traded at IEX with 1,253 participants in non-solar segment and 852 participants in the
solar segment, the highest ever since market inception. Moreover, a record 270 new participants have registered
in the REC segment at IEX in this month.
On an overall basis, a total of 3,136 participants are registered in the REC segment at IEX. Of this, 817 are Eligible
Entities (RE Generators) 2,306 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators)
and 13 are registered as Voluntary Entities.
About IEX (www.iexindia.com)
IEX is India’s premier power trading platform. Currently, IEX operates Day-Ahead Market (DAM) and Term-Ahead
Market (TAM) in electricity as well as Renewable Energy Certificate (REC) Market. The Exchange provides a
transparent, demutualized and automated platform enabling efficient price discovery and price risk management
for participants. IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been
operating since 27 June, 2008.
For further information, please contact:
Ms. Shruti Bhatia
Vice President –Regulatory Affairs and Communications
Contact: +91-11-43004077 I Email: [email protected]