Power Exchange India Limited (PXIL)has announced the launch of ESCerts Trading underPerform, Achieve and Trade (PAT) scheme – cycle II. The trading on the platformcommenced from 26th October 2021. The company had conducted a mock tradingsession on 8th October 2021, which received encouraging reception.
‘ESCerts’ are the Energy SavingsCertificates issued by the Central Government in the Ministry of Power to theDesignated Consumer under sub-section (1) of section 14 (A) of EnergyConservation Act, 2001. ESCerts is a tradable certificate for EE mandates underEnergy Conservation Act 2001.
The validity of ESCerts will be up tothe next PAT cycle (currently the 2nd cycle in progress). ESCertswill be transacted every Tuesday of the Week on PXIL platform or as decided byCERC/BEE.
Under National Mission for EnhancedEnergy Efficiency (NMEEE), the scheme of Perform, Achieve and Trade (PAT) is aregulatory instrument to reduce specific energy consumption in energy-intensiveindustries, with an associated market-based mechanism to enhance thecost-effectiveness through certification of excess energy saving which can betraded.
Perform Achieve and Trade (PAT)scheme as launched by the Bureau of Energy Efficiency has resulted insignificant improvements in energy efficiency in energy-intensive industries.PAT Cycle–I included eight sectors, namely Aluminium, Cement, Chlor-Alkali,Fertilizer, Iron and Steel, Paper an Pulp, Thermal Power Plant, and Textile.Under the scheme PAT Cycle-II, three new sectors, namely Refineries, Railways,and DISCOMs were included – making it 11 sectors in total, resulting in a totalsaving of about 13.28 MTOE translating into avoiding about 61.34 Million tonnesof Carbon dioxide emission.