In line with the energy conservation and efficiency policies of the Bureau of Energy Efficiency (BEE) under the Ministry of Power, Perform, Achieve and Trade (PAT)scheme under the National Mission for Enhanced Energy Efficiency (NMEEE) was launched in 2012.
The Government of India notified the targets under the Energy Conservation Act, 2001 for 478 industrial units in India on 30th March, 2012.
Features of the Scheme:
It is a market based mechanism to further accelerate as well as incentivise 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.
PATNET will enable the designated consumer to fill all the formats related to PAT including Energy return in electronic form, which further accelerates the communication of DCs with BEE.
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 were included.
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.
It has no precedence anywhere in the world and thus can serve as model for other developing nations for saving energy.
It will help with mitigation of climate change.
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.
It will help reduce carbon emissions and thus lead to gradual greening of Indian industry.
Samarth – Scheme for Capacity Building in Textile Sector