This morning the European Energy Exchange (EEX) car-ried out successfully the first primary market auction of European emission allowances (EUA) for Lithuania.
The determined volume of 850,000 EUA was auctioned off as planned. The total of the buy bids amounted to 2,840,000 EUA. This means that more than 3 times the auction volume was demanded. 8 companies took part in the auction on the Spot Market and the price was determined at EUR 7.13 per EUA. At the time of the auction, the refer-ence price in secondary trading on the EEX Spot Market amounted to EUR 7.12 per EUA.
The EUA which EEX auctioned off on behalf of the Lithuanian ministry of the environ-ment are volumes from the Lithuanian new entrants’ reserve (NER) for the second phase of EU emissions trading (2008 to 2012) which are not needed. All EU member states that still have unallocated volumes from their new entrants’ reserve upon expiry of the second trading phase of EU emissions trading (end of 2012) have the possibility to have such EUA auctions carried out.
EEX will carry out a second primary market auction for Lithuania presumably on 26 January 2012.
In addition to the auctions for Lithuania, EEX also runs the EUA primary market auc-tions for Germany (since 2010) and the Netherlands (in 2011 and 2012). Moreover, EEX was selected as a cooperation exchange for the NER300 programme of the Eu-ropean Investment Bank.
Together, EEX and Eurex offer their participants a platform for trading in emission al-lowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the derivatives products for emission allowances listed on EEX through their existing infrastructure and a simplified admission process.
