Today, the European Energy Exchange (EEX) success-fully concluded the first primary market auction of EU Aviation Allowances (EUAA) for the year 2014 on behalf of the European Commission and the participating Member States.
As planned, a volume of 1,643,000 EUAA was auctioned on the Spot Market at
11:00 am. The auction price was established at EUR 5.70 per EUAA. The total amount of bids was 5.851.000 EUAA. Thus, participants demanded 3.6 times the auction vol- ume. Today, 11 participants took part in the auction.
In 2014, EEX will conduct three further auctions which will take place on 1 October and
29 October (each with a volume of 1,643,000 EUAA) as well as on 26 November
(1,641,500 EUAA).
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. Through its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilisers. Clearing and settlement of all trading transactions are provided by the clear- ing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.
