Today the European Energy Exchange (EEX) has carried out successfully the first primary market auction of European emission allowances (EUA) for the Netherlands.
The auction on the Spot Market of EEX was closed at 11:00am (CET). The envisaged volume of 2 million emission allowances was sold as planned, with the Dutch emissions trading registry NEa being the auctioneer. The total bidding amount exceeded with 8,078,000 EUA the specified auction volume considerably – participants bidded more than 4-fold the auction volume. 12 companies took part in the Dutch auction, in which the price was established at EUR 10.30 per EUA.
From 9:00am to 11:00am (CET) trading participants had the possibility to submit bids for the auction on the EEX Spot Market. EEX will carry out the second Dutch primary market auction on 24 November 2011.
EEX is the only exchange in Europe that is experienced in auctioning EUAs regularly and on a large scale. Since 2010, it has successfully conducted the weekly primary market auctions of the EUAs emitted by the German government. With the Dutch EUA primary market auction EEX continues that success story and takes another step towards establishing itself as primary auctioning platform for emission allowances.
The European Energy Exchange (EEX) develops, operates and connects secure, liquid and transparent markets. EEX holds 50 percent of the shares in EPEX SPOT SE, which operates the Spot Market for power for Germany, France, Austria and Switzerland. The German and French Derivatives Market for power is concentrated within EEX Power Derivatives GmbH, a majority-owned subsidiary of EEX with registered offices in Leipzig. Furthermore, EEX offers spot and derivatives trading in natural gas and CO2 emission allowances as well as trading in financial coal futures. EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.
