The REC trading at the two power exchanges- the Indian Energy Exchange (IEX) and the Power Exchange India Ltd (PXIL)- saw demand for non-solar RECs jumping to 747,487 units from 537,009 in January.
On the other hand, a total of 44,869 soalr RECs were redeemed in February against 32,140 in January, which accounted for 63 per cent of the 71,006 RECs issued for the month. This is a healthy ratio in the context of lukewarm response that the REC trading sessions had been getting for several months.
One of the reasons for positive effect on the REC trading could be attributed to the government's move of cutting down the solar REC prices in a bid to boost demand. The certificates had been trading at the floor level of Rs 1,500 since August 2012 as a result of the imbalance between supply and demand.
Article source: http://feedproxy.google.com/~r/Energynext/~3/rKPlQJxIs7M/
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