IEX starts trade in Energy Saving Certificates
The country’s premier energy trading platform Indian Energy Exchange (IEX) on Tuesday said it has commenced Energy Saving Certificates (ESCerts) trade. IEX has started trade in “ESCerts under the perform, achieve and trade cycle-II (PAT-II) scheme apropos the notification dated 31 March, 2016, as issued by the Bureau of Energy Efficiency (BEE), Ministry of Power,” an IEX statement said.
The trading on the IEX will happen once a week on every Tuesday.
PAT-II aims at achieving an overall energy savings of 8.87 mega tonnes of oil equivalent (MTOE) and covers 621 designated consumers (DCs) across 11 energy intensive industry sectors.
Petroleum refinery, railways and power distribution utilities have been added under PAT-II besides the eight industries including cement, thermal power plant, iron and steel, textile, aluminium, fertiliser, chlor-alkali, paper and pulp that continue to be included from PAT-I.
The National Load Despatch Center (NLDC), which is the nodal agency for ESCerts trade in accordance with the CERC ESCerts Regulations 2016 has already commenced the process of registration of the DC as eligible entities from 23 August, 2021.
