
CERC:Draft Central Electricity Regulatory Commission (Terms and Conditions forExchange of Energy Savings Certificates), Regulations, 2016
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The Energy Conservation Act ( EC Act ) was notified on 29th September 2001 . The primary purpose of the EC Act is to provide for efficient use of energy and conservation of energy . For this purpose, the EC Act provides for establishment of Bureau of Energy Efficiency ( BEE) by the Central Government which shall discharge various functions as envisaged under the Act and also assigns specific responsibilities to the Central Government and State Governments to achieve the objective of efficient use of energy and conservation of energy . The EC Act was amended on 12th March 2007 to specify the energy conversion values for various types of fuel in the industry to Metric tonne of oil equivalent.More InformationExplanatory Memorandum
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