PresseBox
Press release BoxID: 798336 (European Energy Exchange AG)
  • European Energy Exchange AG
  • Augustusplatz 9
  • 04109 Leipzig
  • http://www.eex.de

EEX: German Emissions Auction Contract Extended to 2018

(PresseBox) (Leipzig, ) The contract for the European Energy Exchange (EEX) as the auction platform for CO2 emission allowances of the Federal Republic of Germany has been extended by the German Federal Environment Agency for another two years.

In 2013, EEX was awarded the contract for the execution of the German CO2 auctions as definitive auction platform. In this capacity, EEX conducts auctions of emission allowances for the third EU-ETS trading period on behalf of the Federal Republic of Germany for a period of three years. The Federal Environment Agency has now exercised the option to extend the contract for another two years. Thus, German auctions will be conducted at EEX until mid-November 2018.

"We are pleased about the trust which the German authorities place in us and are working to continue our successful cooperation and offer our participants a reliable and efficient auction platform", says Peter Reitz, Chief Executive Officer of EEX.

The German auctions of emission allowances are always held on Fridays, with the bidding window open from 9:00 am until 11:00 am (CET). In the current third trading period around 545 million emission allowances (EUAs, EUAAs) have been auctioned off in 170 single auctions on behalf of the Federal Republic of Germany.

In addition, EEX also carries out the transitional auctions on behalf of the European Commission and the 25 EU member states taking part as well as Poland. According to provisional calculations by the European Commission, a volume of 655 million emission allowances will be auctioned via the spot market of the exchange in 2016 – this corresponds to more than 85% of the emission allowances issued through primary market auctions in Europe.

European Energy Exchange AG

The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).