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First Trading Session of Energy Saving Certificates (ESCerts)
National Mission on Enhanced Energy Efficiency (NMEEE) is one of the eight missions which form India’s National Action Plan on Climate Change (NAPCC), formulated in the year 2008.The objective of this mission is to unlock energy efficiency opportunities through market based approach.
Perform, Achieve and Trade (PAT) is one of the components of NMEEE. This is a regulatory instrument to reduce specific energy consumption in energy intensive industries, with an associated market based mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded with those plants who were under achievers of their targets.
Facts of ESCerts first trading phase:
First ESCerts trading Session was held on 26 September, 2017 in which 39 Designated Consumers (DC) participated. The Market Clearing Price (MCP) was discovered at Rs 1200 per ESCerts and the Market Clearing Volume (MCV) stood at 10,904 ESCerts.