In continuation to the several schemes on Energy Efficiency launched by Bureau of Energy Efficiency (Ministry of Power, Government of India), the Minister of Power Shri Sushilkumar Shinde, launched the PAT (Perform, Achieve and Trade) Scheme on 4JUL12, at Dr. D. S. Kothari Auditorium, DRDO HQ Bhawan, New Delhi.
The PAT Mechanism is an important initiative under National Mission for Enhanced Energy Efficiency (NMEEE) programme of Government of India under the eight national missions of NAPCC. 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) issued to those who exceed their saving targets, will be tradable on special trading platforms to be created in the two power exchanges (Indian Energy Exchange and Power Exchange India).
Government of India notified the targets under the Energy Conservation Act, 2001 for 478 industrial units and thermal power stations in India on 30th March, 2012. These targets are to be achieved by the units up to 2014-15.