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ESCerts Market Update- Second Trading Session

In the trading session held on 03 Oct’ 17 at IEX, a total of 23,295 ESCerts were traded at INR 1200 per ESCert. This was 113% higher than the last week’s trade, which was 10,904 ESCerts. The total buy bids were 51,925 ESCerts whereas the total sell bids were 2,36,031. 40 participants traded in this session. The next trading session is scheduled on Tuesday, 10th Oct’17, between 1:00 to 3:00 p.m.

Highlights of the trading session:
Trade Volume (ESCerts)23,295
Sell Bid (ESCerts)2,36,031
Purchase Bid (ESCerts) 51,925
Price Discovered (Rs/ESCert)1200
No. of Participants 40

ESCerts is an instrument issued by Bureau of Energy Efficiency (BEE) for every metric ton of oil equivalent energy (MToE) saving achieved by the Designated Consumers (DC). The BEE assigns specific energy consumption target to every DC. The consumers exceeding their targets are issued ESCerts where as those who are not able to meet their targets have to purchase ESCerts. Each certificate is a unique tradable entity tradable entity traded exclusively on the exchange platform.

The Central Electricity Regulatory Commission (CERC) is the Market Regulator, BEE is the Administrator and POSOCO is the Registry for registering DCs as eligible entities, trading and book-keeping, for the ESCerts Market.

Source: IEX

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