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Perform, Achieve and Trade scheme

About:

  • Perform Achieve and Trade (PAT) scheme is a flagship programme of Bureau of Energy Efficiency under the National Mission for Enhanced Energy Efficiency (NMEEE).
  • The scheme is a market based compliance mechanism to accelerate improvements in energy efficiency in energy intensive industries. 
  • The energy savings achieved by notified industries is converted into tradable instruments called Energy Saving Certificates (ESCerts). 
  • The ESCerts after issuance by Bureau of Energy Efficiency are traded at Power Exchanges like Indian Energy Exchange and Power Exchange India.
About BEE

  • BEE is a statutory body under the Ministry of Power, Government of India. 
  • It assists in developing policies and strategies on energy conservation and efficiency with the primary objective of reducing the energy intensity of the Indian economy. 
  • BEE coordinates with designated consumers, designated agencies of the states, and other related organizations to identify and utilize the existing resources and infrastructure, in performing the functions assigned to it under the Energy Conservation Act, 2001.

Why in News?

The Ministry of Power in consultation with the Bureau of Energy Efficiency has notified the price of per metric tonne of oil for Designated Consumers of a specified cycle of PAT scheme.

References:

  1. https://pib.gov.in/PressReleasePage.aspx?PRID=1686574
  2. https://beeindia.gov.in/content/pat-3
  3. https://beeindia.gov.in/content/pat-read-more

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