The “Awareness Programme” component of the PEACE scheme is introduced to make the MSMEs understand that the energy audit and conserving energy is a critical issue that is of great importance to the financial performance and competitiveness of their enterprise.
Through this scheme, 50% of the fees paid to the recognized institution/consultant for conducting the energy/water audit is reimbursed. The unit should have achieved saving in energy/water minimum by 10% of average monthly consumption of previous 12 months before conduct of audit.
The “Incentive for lmplementing Energy Audit Recommendations” component of this scheme is introduced to incentivise MSMEs to implement the recommendations of the Energy Audit Report and to optimize energy consumption leading to energy saving and money savings in electricity bills.
The “Detailed Energy Audit” component of this scheme is introduced to identify the major sources of energy in use, identify the lapses in energy usage, identify areas to improve energy usage, determine the level of consumption of the energy sources, and recommend policy measures.
“Promotion of Energy Audit and Conservation of Energy (PEACE): Training Programme” is introduced to enable MSMEs to establish the systems and processes necessary to improve energy performance, and energy efficiency, and help reduce energy consumption and costs.