Today, the European Energy Exchange (EEX) conducted the auction of 749,000 EUA on behalf of the Lithuanian Ministry of the Environment. In previous auctions, a total of 2,550,000 EUA was sold.
In the auction the volume of 749,000 EUA was sold at a price of 4.72 EUR/EUA. The total amount of bids was 3,010,000 EUA. Thus, a cover ratio of more than 4 was reached in the auction in which 12 companies took part.
The auction comprises unallocated volumes from the Republic of Lithuania’s new entrants’ reserve (NER) for the second trading period of the EU emissions trading system (2008-2012).
Together, EEX and Eurex offer their participants a platform for trading in CO2 emission allowances. In the framework of this co-operation, which was launched in December2007, Eurex participants can trade the CO2 derivatives products listed on EEX and take part in EUA auctions via their existing infrastructure and a simplified admission process.
FTSE Mondo Visione Exchanges Index:
EEX: Fourth Lithuanian NER Auction Clears At 4.72 Euro
Date 26/03/2013
