| Compliance |
Mandatory |
| Target Entities | Designated Consumers |
| Buyers |
Industries not achieving target
|
| Sellers |
Industries achieving beyond target
|
| Mechanism |
Cap and Trade
|
| Phase Cycle |
3 Years |
| ESCerts |
1 ESCert = 1 MTOE (Metric Tonne of Oil Equivalent) |
| Trading Platform |
Power Exchange only |
| Penalty |
As per Energy Conservation Act, 2001(Link with market value of oil equivalent)
|
| Banking |
Allowed for two consecutive cycles |
| Compliance Period |
As per PAT cycle notified by BEE (Bureau of Energy Efficiency)
|
| Registry |
NLDC (National Load Despatch Centre)
|
| Price determination |
Double sided closed auction
|