• Union Minister for Power informed Rajya Sabha about the National Mission for Enhanced Energy Efficiency (NMEEE).
NMEEE consists of four initiatives to enhance energy efficiency in energy intensive industries which are as follows:
• Perform, Achieve and Trade (PAT) scheme aims at reducing Specific Energy Consumption (SEC) i.e. energy use per unit of production for Designated Consumers (DCs) in energy intensive sectors, with an associated market mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded.
• Market Transformation for Energy Efficiency (MTEE) aims for accelerating the shift to energy efficient appliances in designated sectors through incentives and innovative business models.
1. Bachat Lamp Yojna (BLY): The programme was developed for replacement of inefficient bulbs with Compact Fluorescent Lamps (CFLs).
2. Super-Efficient Equipment Program (SEEP): This programme was designed for market transformation of super-efficient appliances by providing financial stimulus innovatively at critical point/s of interventions.
• Energy Efficiency Financing Platform (EEFP) was launched to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects.
• Framework for Energy Efficient Economic Development (FEEED) was designed for development of fiscal instruments to promote energy efficiency.
Mains Paper 3: Economy
Prelims level: National Mission for Enhanced Energy Efficiency
Mains level: Key highlights about the scheme