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Today, the European Energy Exchange (EEX) carried out the second primary market auction of European emission allowances (EUA) for the Netherlands.
In the auction, a volume of 2 million EU emission allowances was auctioned as planned. At 4,695,000 EUA, the total of the buy offers significantly exceeded the auction volume determined; more than 2.4 times the auction volume was demanded. In the auction in which 9 companies took part the price was determined at EUR 8.05 per EUA. At the time of the auction, the reference price in secondary trading on the EEX Spot Market amounted to EUR 8.05 per EUA.
EEX carries out the primary market auction for the Netherlands for the years 2011 and 2012. The auction volume amounts to in total 8 million EUA. This year 4 million EUA have already been auctioned on the EEX Spot Market. The remaining 4 million EUA will be auctioned on the following four dates in 2012:
Thursday, 23rd February 2012
Thursday, 22nd March 2012
Thursday, 19th April 2012
Thursday, 14th June 2012
From 9 am to 11 am (CET), the EEX trading participants have the opportunity to submit bids for the auction on the Spot Market of the exchange. A volume of 1 million EUA is auctioned in every auction.
EEX and the Eurex Exchange offer their participants a platform for trading in CO2 Emission Allowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the CO2 derivatives products listed on EEX through their existing infrastructure and a simplified admission process.
