Contact
QR code for the current URL

Press release Box-ID: 382350

European Energy Exchange AG Augustusplatz 9 04109 Leipzig, Germany http://www.eex.com/de/
Contact Ms Katrin Berken +49 341 2156202
Company logo of European Energy Exchange AG
European Energy Exchange AG

EEX: Scheduled Changes in the EUA Primary Market Auction

Last auction on the Derivatives Market for this year / Remaining quantities auctioned off on the Spot Market / Auctions executed without any problems

(PresseBox) (Leipzig, )
In the framework of the Primary Market Auction for European Emission Allowances, which European Energy Exchange AG (EEX) is carrying out on behalf of the Federal Environment Ministry, the last Derivatives Market auction for the current year will take place on 27 October 2010 as scheduled. From 2 November 2010, the remaining weekly quantity of 870,000 EUA will be auctioned off on the Spot Market of the exchange each Tuesday.

Since January 2010, EEX has run auctioning for 10 percent of the emission allowances issued by Germany on the basis of a weekly cycle. So far, a volume of in total 35,670,000 EUA has been auctioned in 82 auctions on the Spot Market and the Derivatives Market with the auction process and the settlement of the emission allowances auctioned off proceeding smoothly and securely at all times.

"Trust is based on security and reliability. On the basis of secure and established systems and processes we have gained confidence by the market participants. The auctioning demonstrate the quality of our trading and settlement processes" says Dr.

Hans-Bernd Menzel, CEO of EEX, and emphasises "This constitutes a good recommendation for the time after 2012."

EEX is very pleased with the auction results: For example, the average oversubscription rate of the auction, which indicates the ratio of the quantity to be auctioned and the total of the buy bids, amounted to 5.4 (Spot and Derivatives Market). A total of 15 trading participants took part in the auctions on the Spot Market, while in total 22 trading participants took part in the auctions on the Derivatives Market. The Spot Market price ranged between EUR 12.46 per EUA and EUR 15.91 per EUA and the results on the Derivatives Market ranged between EUR 12.37 per EUA and EUR 16.04 per EUA. All auction results are documented in reports and publicly available on the EEX website:

http://www.eex.com/de/Downloads/Marktdaten/Emissionsberechtigungen%20-%20EEX Furthermore, auctions regarding 10 percent of the German emission allowances will be held by EEX for the year 2011 in accordance with the tried and tested principle. The first auction on the Spot Market will take place on 4 January 2011 and the first auction on the Derivatives Market will follow on 5 January 2011.

European Energy Exchange AG

European Energy Exchange AG (EEX) is the leading energy exchange in Europe and operates market platforms for trading in power, natural gas, CO2 emission rights and coal. To this end, EEX relies on an open business model which generates flexibility and market coverage and, thus, higher liquidity through targeted spin-offs and partnerships.

Through this systematic expansion of co-operations, EEX makes a decisive contribution to the integration of the European energy markets. EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2022, All rights reserved

The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.