New Delhi: The country’s premier energy trading platform Indian Energy Exchange (IEX) on Tuesday said it has commenced Energy Saving Certificates (ESCerts) trade. IEX NSE 0.73 % has started trade in “ESCerts under the perform, achieve and trade cycle-II (PAT-II) scheme apropos the notification dated 31 March, 2016, as issued by the Bureau of Energy Efficiency (BEE), Ministry of Power,” an IEX statement said.
The trading on the IEX will happen once a week on every Tuesday.
PAT-II aims at achieving an overall energy savings of 8.87 mega tonnes of oil equivalent (MTOE) and covers 621 designated consumers (DCs) across 11 energy intensive industry sectors.
