IEX has accomplished a record high trade of 93.29 lakh Renewable Energy Certificates (RECs) in fiscal 2017-18 compared to 46.19 lakh RECs traded in previous fiscal representing 102% increase year on year basis. On April 1, 2017, the total Non-Solar inventory was 129 lakh while the closing inventory was only 14.95 lakh RECs on 28 March and going forward the REC Market is expected to see shortage situation on the sell-side.
In the trading session held on March 28, 2018, IEX saw trade of 20.79 lakh non solar RECs with reversal in buy-sell bids after almost six years. The sell bids at 20.79 lakh were short by almost 1.77 lakh RECs with the buy bids at 22.56 lakh and therefore the volume cleared was 20.79 lakh.
A total of 1,062 participants traded in the 28 March 2018 trading session. Overall, a total of 3,518 participants are registered in the REC segment at IEX.