PERFORM, ACHIEVE AND TRADE SCHEME

PERFORM, ACHIEVE AND TRADE SCHEME

• Perform Achieve and Trade (PAT) scheme is a flagship progarmme of Bureau of Energy Efficiency under the National Mission for Enhanced Energy Efficiency (NMEEE).
• NMEEE is one of the eight national missions under the National Action Plan on Climate Change (NAPCC) launched by the Government of India in the year 2008.
• Perform Achieve and Trade (PAT) 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.

Energy Saving Certificates (ESCerts)

• Energy Saving Certificates (ESCerts) are issued to those plants that have achieved excess energy savings over their targets.
• Units that are unable to meet the targets either through their own actions or through purchase of ESCerts are liable to financial penalty under the Energy Conservation Act, 2001.