THE COUNTRY SEES HIGH SAVINGS THANKS TO ENERGY SAVING SCHEMES:
An article in the Business Line quoted that savings of Rs 37,685 Cr have been brought about in the country because of BEEs (Bureau of Energy Efficiency) ‘Perform, achieve and trade PAT’ scheme. In the first cycle of the scheme,
CERC (Terms and Conditions for Dealing in Energy Savings Certificates) Regulations, 2016
CERC recently came up with its final regulation on Terms and Conditions for dealing in Energy Saving Certificates. This regulation will govern and define the framework for ESCerts trading on power exchanges. A brief analysis is given below: Final regulation The final
CERC (Terms and Conditions for Exchange of ESCerts) Regulations, 2016xchange of ESCerts) Regulations, 2016
Background An important part of the Perform, Achieve, and Trade (PAT) mechanism for Energy Efficiency is the ‘trading’ aspect. PAT Cycle I was completed last year and the next logical step in the process is the trading of Energy Saving Certificates
Preliminary Analysis of PAT Scheme
The Perform, Achieve and Trade (PAT) scheme was launched in 2012 to promote energy efficiency in energy intensive industries. The scheme is market based where on over achieving the target, energy saving certificates (ESCerts) will be issued which will be