Launch of trading of Energy Saving Certificates (ESCerts) for Designated Industries

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 To facilitate trading of ESCerts, an institutional framework has been established that defines the responsibilities assigned to different entities that will play a vital role in the process. While the Central Electricity Regulatory Commission (CERC) is the Market Regulator for the trading of ESCerts, the Bureau of Energy Efficiency(BEE) is the Administrator.
To trade these ESCerts on any of the two power exchanges, designated consumers need to register themselves with Registry as eligible entities through the PATNet portal. The launch event was attended by senior officers of Ministries, State Governments, technical bodies,public utilities, multilateral agencies, academicians, and industry experts and consultants across sectors.
The event also featured sessions on the various new technologies adopted through PATScheme and on the trading of ESCerts. The Government is implementing PAT scheme as a market-based mechanism, under National Missionfor Enhanced Energy Efficiency (NMEEE), to enhance cost effectiveness through certification of excess energy savings in energy intensive industries that can be traded. the scheme seeks to reduce thespecific energy consumption (SEC), i.e. energy used per unit of production in energy intensive largeindustries.
Under this scheme, an Energy Audit is done to verify the baseline data (current level ofefficiency) and thereafter emission targets are given. Energy Saving Certificates (ESCerts) are issuedto those plants that have achieved excess over their targets. Units that are unable to meet the targetseither through their own actions or through purchase of ESCerts are liable to financial penalty under theEnergy Conservation Act, 2001. _______________________________________________________________________For further informaon, please contact: Media Manager (AT): atripathi@beenet.in BEE, Sewa Bhawan, 4th Floor, New Delhi

 

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