Renewable Energy Certificate (REC) trading for May 2011 - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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The REC trading for May 2011 took place on 25th May (Last Wednesday of the month). The following are the details of the REC trading for the month at the two exchanges – Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).

May 2011 Non-solar REC Solar REC
Total Buy Bids Total Sell Bids Trade Volume Purchase Price/REC No. of Participants Total Buy Bids Total Sell Bids Trade Volume Purchase Price No. of Participants
IEX 14002 15143 14002 Rs.1500 9 0 0 0
PXIL 4500 5322 4500 Rs.1500 N/A 0 0 0
Total 18502 20465 18502


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Top management consulting experts for Bio-energy, EV, Solar, Green Hydrogen

  1. IEX trading :
  2. PXIL trading :

Compared to April, the trading in May 2011 was far better. In April, only 260 non-Solar RECs were traded. Moreover, all these 260 RECs were sold in IEX and none in PXIL.

Some of the highlights of the trading are given below.

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  1. No Solar-RECs have come up for trade in either of the exchanges
  2. About 75% of the trading was carried out at IEX.
  3. Like April, the trading remained in favor of the buyers as there were more sell bids than buy bids. This ensured that the Purchase price for the RECs was the floor price.

The next trading will take place on Wednesday, June 29, 2011.

Details about the previous months’ trading are available below.

1. April 2011

2. March 2011


About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.


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