In line with the energy conservation and efficiency policies of the Bureau of Energy Efficiency (BEE), Ministry of Power, today launched the Perform, Achieve and Trade (PAT) scheme under the National Mission for Enhanced Energy Efficiency (NMEEE).
The launch of PAT scheme added another feather in the cap of BEE , along with other ongoing popular schemes. The Government of India notified the targets under the Energy Conservation Act, 2001 for 478 industrial units in India on 30th March, 2012. These targets are to be achieved by the units up to 2014-15.
The Ministry of Power and the Bureau of Energy Efficiency (BEE) have been in the vanguard of promoting the efficient use of energy and its conservation. This is further supplemented by the National Mission for Enhanced Energy Efficiency (NMEEE) which is one of the missions under the National Action Plan on Climate Change (NAPCC). The PAT Mechanism is one of the initiatives under NMEEE programme. It is a market based mechanism to further accelerate as well as incentivize energy efficiency in the large energy-intensive industries. The scheme provides the option to trade any additional certified energy savings with other designated consumers to comply with the Specific Energy Consumption reduction targets. The Energy Savings Certificates (ESCerts) so issued will be tradable on special trading platforms to be created in the two power exchanges -- Indian Energy Exchange and Power Exchange India.
The design of PAT is the result of extensive consultations, which have contributed to its robustness and simplicity. Upon implementation of the first cycle of PAT, it is expected to help our country save energy to the tune of approximately 6.6 million tonnes of oil equivalent by the end of 2014-15.
During the first cycle of PAT scheme i.e. from 2012-13 to 2014-15, eight energy intensive sectors such as Thermal Power plants, Iron & Steel, Cement, Fertilizer, Aluminum, Textile, Pulp & Paper, Chlor-alkali have been included. There are about 478 numbers of Designated Consumers in these 8 sectors and they account for about 165 million tonnes oil equivalent of energy consumption annually.
The scheme is unique in many ways, particularly from a developing-country’s perspective since it creates a market for energy efficiency through tradable certificates, called Energy Saving Certificate (ESCerts) by allowing them to be used for meeting energy reduction targets. These certificates can be issued by any of the 478 industries who are able to exceed their respective notified target, the value of the certificate being the excess achievement, more than the target set. The beneficiary industry can trade this certificate with any of the other entities (of the 478) that is unable to meet its target. Buying ESCerts has been allowed as sufficient fulfillment of compliance requirement without any penal action.
The launch of PAT scheme added another feather in the cap of BEE , along with other ongoing popular schemes. The Government of India notified the targets under the Energy Conservation Act, 2001 for 478 industrial units in India on 30th March, 2012. These targets are to be achieved by the units up to 2014-15.
The Ministry of Power and the Bureau of Energy Efficiency (BEE) have been in the vanguard of promoting the efficient use of energy and its conservation. This is further supplemented by the National Mission for Enhanced Energy Efficiency (NMEEE) which is one of the missions under the National Action Plan on Climate Change (NAPCC). The PAT Mechanism is one of the initiatives under NMEEE programme. It is a market based mechanism to further accelerate as well as incentivize energy efficiency in the large energy-intensive industries. The scheme provides the option to trade any additional certified energy savings with other designated consumers to comply with the Specific Energy Consumption reduction targets. The Energy Savings Certificates (ESCerts) so issued will be tradable on special trading platforms to be created in the two power exchanges -- Indian Energy Exchange and Power Exchange India.
The design of PAT is the result of extensive consultations, which have contributed to its robustness and simplicity. Upon implementation of the first cycle of PAT, it is expected to help our country save energy to the tune of approximately 6.6 million tonnes of oil equivalent by the end of 2014-15.
During the first cycle of PAT scheme i.e. from 2012-13 to 2014-15, eight energy intensive sectors such as Thermal Power plants, Iron & Steel, Cement, Fertilizer, Aluminum, Textile, Pulp & Paper, Chlor-alkali have been included. There are about 478 numbers of Designated Consumers in these 8 sectors and they account for about 165 million tonnes oil equivalent of energy consumption annually.
The scheme is unique in many ways, particularly from a developing-country’s perspective since it creates a market for energy efficiency through tradable certificates, called Energy Saving Certificate (ESCerts) by allowing them to be used for meeting energy reduction targets. These certificates can be issued by any of the 478 industries who are able to exceed their respective notified target, the value of the certificate being the excess achievement, more than the target set. The beneficiary industry can trade this certificate with any of the other entities (of the 478) that is unable to meet its target. Buying ESCerts has been allowed as sufficient fulfillment of compliance requirement without any penal action.
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