REChronicles - From the Editor's desk - EfficientCarbon

Mar 29, 2013 - Buy bids of 427871 (highest in the last 14 months), all of which were cleared, led .... Drop us an email to [email protected] or give a call on +91-9052224701. ... Environment and Sustainability domain. We provide ...
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REChronicles - From the Editor’s desk Hello Readers. Hope you enjoyed the last issue of REChronicles. We would love to have your feedback on which articles you liked and which ones you didn’t. The last month of the Financial Year witnessed pretty interesting happenings. APTRANSCO opened Commercial Bids of all the 184 bidders who participated in AP Solar bidding and subsequently made available all the documents online. We have analyzed all the available data and posted the results on our blog. Andhra Pradesh Government even announced a Policy on Net Metering. Not exciting enough? 3 states – Karnataka, Punjab and Uttar Pradesh – have released RfPs for Solar projects with a cumulative capacity of 630 MW. Check out Renewable Energy News section on Page 6 for more on these happenings. Here’s what is possibly the most exciting news for followers of REC trading in India. Solar RECs were traded at Forbearance Price (Rs.13400/REC) for the first time ever. Non-Solar Trading was not that bad either. It saw the highest ever Clearing volume of 427871 RECs thus reducing the REC inventory for the first time since February 2012. More on this in our REC trading section in the following pages. 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 – March 2013 REC Inventory: Opening at close to 1.937 Million, March trading session closed with an inventory balance of a little under 1.777 Million RECs. The following sections give an update on the Non-Solar and Solar front.

Non-Solar The month of March started with an Opening Balance of 1935844 Non-Solar RECs. Over the course of the month, 268323 Non-Solar RECs were issued thus putting the available number at 2204167. Of these, only 1919432 were put up for trading. Buy bids of 427871 (highest in the last 14 months), all of which were cleared, led to a closing balance of 1776296. Following table gives the Non-Solar REC Inventory statistics for the last 3 months. Non-Solar REC Inventory for Jan-2013 to Mar-2013 (as on 29-Mar-2013) Month, Year

Opening Balance

REC Issued

REC Redeemed

Closing Balance

January, 2013

1662978

304238

193337

1773879

February, 2013

1773879

314917

152952

1935844

March, 2013

1935844

268323

427871

1776296

Solar Opening at 899 Solar RECs, 2917 were issued over the course of the month thus putting the total available Solar RECs at 3816 all of which were put up for trading. The trading session closed with a Closing Balance of 633 after redemption of 3183 Solar RECs. Following table throws more light on the Solar REC Inventory statistics for the last 3 months. Solar REC Inventory for Jan-2013 to Mar-2013 (as on 29-Mar-2013) Month, Year

Opening Balance

REC Issued

REC Redeemed

Closing Balance

January, 2013

253

3306

2308

1251

February, 2013

1251

1882

2234

899

March, 2013

899

2917

3183

633

REC trading: The number of Non-Solar Buy-bids rose by a massive 180% compared to that of February. Solar REC trading too witnessed some exciting happenings – Clearing Price touched Forbearance Price (Rs.13400) on IEX. Here’s more on Non-Solar and Solar trading in the last month of FY 2012-13.

Non-Solar RECs Trading: Being the last month of the Financial Year, Non-Solar REC trading saw a huge increase in trading volumes. Buy Bids of 427871 is the highest in the last 14 months and is t