REChronicles - From the Editor’s desk Hello Readers. Hope you enjoyed the fourth issue of REChronicles. We would love to have your feedback on which articles you liked and which ones you didn’t. As promised, we are sending out the 5th issue of REChronicles on the immediate next day of trading. Andhra Pradesh finally announced amendments to the AP Solar Policy which, though initially well received, later led to confusion regarding the aspects of applicability of benefits to REC based projects and more. Turn to page 6 for the full article on this. Also, TANGEDCO arranged a consultation meeting with the industry for the upcoming 1000 MW bidding process. This is covered in our Renewable Energy News section on page 8. We are once again bringing to you the monthly REC Inventory and Trading update and the capacity addition under REC scheme in the month of November. Non-Solar REC trading continued to be depressing and reached new lows – lowest Buy Bids in 16 months and Supply outstripped Demand by a factor of 9.3. Solar REC trading continued to do well though there was a dip in the Buy Bids and Traded Volume. We have, as always put in our best efforts in order to come up with the articles in this issue. We hope you would enjoy it as much as we did while preparing it. Kindly give your valuable feedback on how we can improve REChronicles and make it even more delightful and interesting for you. Happy reading!!
REC Trading Update – November 2012 REC Inventory: Opening at close to 1.3 Million, November trading session closed with an inventory balance of close to 1.54 Million RECs. The following sections give an update on the Non-Solar and Solar front.
Non-Solar The month of November started with an Opening Balance of 1299566 Non-Solar RECs. Over the course of the month, 370248 Non-Solar RECs were issued thus putting the available number at a little under 1.67 Million. Of these, only 1230061 were put up for trading. Buy bids of 132352, all of which were cleared, led to a closing balance of 1537462. Following table gives the Non-Solar REC Inventory statistics for the last 3 months. Non-Solar REC Inventory for Sep-2012 to Nov-2012 (as on 30-Nov-2012) Month, Year
Solar Though the Opening Balance of Solar RECs for November (85) was the lowest thus far, a 14% increase in Solar RECs issued during the month and a 32% drop in Solar RECs redeemed compared to October led to the highest ever Closing Balance of 469. Following table throws more light on the Solar REC Inventory statistics for the last 3 months. Solar REC Inventory for Sep-2012 to Nov-2012 (as on 30-Nov-2012) Month, Year
REC trading: Non-Solar REC trading continued to be depressing and reached new lows – lowest Buy Bids in 16 months and Supply outstripped Demand by a factor of 9.3. Solar REC trading continued to do well though there was a dip in the buy bids and traded volume. Here are a few numbers and forecast for next month.
Non-Solar RECs Trading: November witnessed the lowest number of Buy Bids (132352) since July 2011. Though all the Buy Bids were cleared, the Closing Balance still stood high due to the ever increasing Sell Bids and hence the inventory. The number of Sell Bids was 1230061 whic