New Delhi: Indian industry has demonstrated its resounding commitment to energy efficiency and traded over 1 lakh energy efficiency certificates (ESCerts) in the first month of trading.
Power Minister R K Singh had launched EScert trading on the Indian Energy Exchange (IEX) and the Power Exchange India Limited (PXIL) on September 26, 2017.
Traded only on Tuesdays through closed double-sided uniform price auction, 1,17,425 certificates have been exchanged at an average bid price of Rs 990 in the auctions over the past month, a Bureau of Energy Efficiency (BEE) statement said.
Indian industry has generated Rs 11.62 crore of additional revenue during the first month of trading energy saving certificates.