ESCerts trade crosses 1 lakh mark in first month: BEE

Indian industry has generated Rs 11.62 crore of additional revenue during the first month of trading energy saving certificates. Energy Saving Certificates, or ESCerts, are issued by Power Ministry to designated industries that surpass the energy saving targets set by the Bureau of Energy Efficiency under the Perform, Achieve and Trade scheme (PAT).

On 26 September 2017, Minister of State (I/C) for power and new and renewable energy, launched the trading of these ESCerts on Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). Traded only on Tuesdays through closed double-sided uniform price auction, 1,17,425 certificates have been exchanged at an average bid price of
` 990 in the auctions over the past month.

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