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First trading session of energy saving certificates

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First Trading Session of Energy Saving Certificates (ESCerts)
Background:
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.

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First trading session of energy saving certificates

  1. 1. ESCert Trading Analysis Bicon Consultants Page 1 of 2 First Trading Session of Energy Saving Certificates (ESCerts) Background: 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. Figure:1 Purchase bid Share of ESCerts The above figure reveals that 78.58% out of total purchase bid of 50,904 was quoted below the MCP. 21.42% 78.58% Purchase bid Share of ESCerts At MCP Below MCP
  2. 2. ESCert Trading Analysis Bicon Consultants Page 2 of 2 Figure:2 Sell bid Share of ESCerts It is clear that, 95.45% of the total sell bid ESCerts of 239,644 were quoted above MCP. Results of First ESCerts Trading Phase Transaction Particulars INR Sell Bid (ESCerts) 2,39,644 Purchase Bid (ESCerts) 50,904 Trade Volume(ESCerts) 10,904 Price Discovered (Rs/ESCert) 1,200 Conclusion Thirteen number of trading session are remaining to trade over 14 Lacs of ESCerts. Designated Consumers has to send Form D (Compliance document) to the nodal agencies latest by Dec 31st 2017. It is envisaged to foresee larger trading volume in the upcoming session with the escalation in the market clearing price of ESCerts. Disclaimer: The analysis is based on certain assumptions. This reported is intended for prescribed users. Bicon will not be liable for use of the analysis and decisions based on this analysis. 4.55% 95.45% Sell bid Share of ESCerts At MCP Above MCP

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