ESCert trading launched for designated industries

Raj Kumar Singh, Minister of State (Independent Charge) for Power and New and Renewable Energy, launched the trading of energy saving certificates (ESCerts) under the government’s Perform, Achieve and Trade (PAT) scheme, on September 26, 2017 in New Delhi. This has paved the way for designated industries under the PAT scheme to buy and sell ESCerts on the two energy exchanges, Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). Under the PAT scheme, ESCerts are issued by the Ministry of Power when a designated consumer achieves and surpasses the target. These ESCerts can be sold to designated consumers that fail to achieve their targets to comply with energy consumption norms and standards.

 

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