- October 21, 2017
- Posted by: Bicon Consultants
- Category: PAT Updates
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.
Fourth Trading Session of Energy Saving Certificates (ESCerts) was held on 17th October, 2017 in which 45 Designated Consumers (DC) participated. The Market Clearing Price (MCP) was discovered at INR 800 per ESCerts and the Market Clearing Volume (MCP) was determined as 40,148. View the full report