EEX Executes First Auction On The Secondary Market

Today, EEX executed the first auction of European emissions allowances (EUAs) on the Secondary Spot Market on behalf of Latvia. In the auction, 3,126,500 EUAs have been sold at a price of 19.40 Euro/EUA. The total bidding amount was 5,840,000 EUA which means that participants demanded 1.87-fold the auction volume. 19 companies took part in the auction which was the first auction on behalf of a public auctioneer on the EEX secondary market.