IEX starts trade in Energy Saving Certificates

Indian Energy Exchange (IEX) has commenced Energy Saving Certificates (ESCerts) trading under the Perform, Achieve and Trade cycle-II (PAT-II) scheme.

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 covered in the earlier cycle. ESCerts trading is regulated by Central Electricity Regulatory Commission (CERC) with Bureau of Energy Efficiencyas the administrator and Power System Operation Corporation Limited (POSOCO) as the registry for registering designated consumers as eligible entities, trading and bookkeeping of ESCerts.