The Indian Energy Exchange has commenced trade in Energy Saving Certificates (ESCerts) under Perform, Achieve & Trade Cycle-II (PAT-II) scheme apropos the notification dated March 31, 2016 as issued by the Bureau of Energy Efficiency (BEE), Ministry of Power (MoP). The trading on the Exchange will happen once a week on every Tuesday.
PAT-II aims at achieving an overall energy savings of 8.87 MTOE and covers 621 Designated Consumers spanning across 11 energy intensive industry sectors. Petroleum refinery, railways and power distribution utilities have been added under PAT-II besides the eight industries including cement, thermal power plant, iron and steel, textile, aluminium, fertilizer, chlor-alkali, paper and pulp that continue to be included from PAT-I.
The National Load Despatch Center (NLDC), which is the nodal agency for ESCerts trade in accordance with the CERC ESCerts Regulations 2016 has already commenced the process of registration. A total of 349 DCs can sell and 193 DCs are expected to participate on the buy side as per the BEE notification dated August 18, 2021. The MoP has already issued 57 lakh EScerts to 349 DCs and about 193 DCs are entitled to purchase 36.68 lakh ESCerts as per the BEE.
Speaking on the occasion, S N Goel, Chairman and MD, Indian Energy Exchange Limited, informed, “We have maximum liquidity on our platform to enable the market participants to trade in the most competitive and efficient manner.”
