EEX runs First Primary Market Auction for the Czech Republic

Leipzig, (PresseBox) - Today, the European Energy Exchange (EEX) successfully carried out the first auction on behalf of the Czech Ministry of the Environment. The auction comprises unallocated volumes from the Czech Republic's new entrants' reserve (NER) for the second trading period of the EU emissions trading system (2008-2012).

The volume of 1 million EUA was auctioned off as planned on the Spot Market. The total amount of bids was 5,314,000 EUA. Thus, participants demanded more than 5 times the auction volume. In the auction, in which 14 companies took part, the price was determined at EUR 7.59 per EUA. At the time of the auction, the reference price in secondary trading on the EEX Spot Market amounted to EUR 7.61 per EUA.

The volume to be auctioned off on behalf of the Czech Ministry comprises approximately 2 million EUA. The second auction date is yet to be coordinated with the Czech Ministry and will be announced in due time.

Together, EEX and Eurex offer their participants a platform for trading in CO2 emission allowances. In the framework of this co-operation, which was launched in December 2007, Eurex participants can trade the CO2 derivatives products listed on EEX and take part in EUA auctions via their existing infrastructure and a simplified admission process.

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