The Perform, Achieve, and Trade (PAT) is a trading scheme aimed to improve energy efficiency in industries across India using a market based mechanism. PAT has been introduced under the National Mission on Enhanced Energy Efficiency (NMEEE). Participation in the scheme is mandatory for Designated Consumers under the ECA. Nine sectors have been identified for the initial phase, of which 7 industrial sectors, including the cement, iron and steel, pulp and paper industries.  The power sector and railways are also covered. In total more than 700 plants could be covered by the scheme. 

The scheme imposes mandatory specific energy targets on the participating companies. It allows using purchased excess energy savings from other participants in the form of white certificates for compliance. PAT will create a domestic market for white certificates and will secure cost-effectiveness in meeting the total energy savings target under the system. The first phase of commitment and trading is three years.The scheme is being designed and implemented by the Bureau of Energy Efficiency (BEE), under the Ministry of Power of India. A newly established company Energy Efficiency Services Ltd (EESL) will administer the trading. 

Additional information on PAT is available in IIP's Industrial Efficiency Policy Database.