On 12 October 2012, the European Energy Exchange (EEX) will launch the primary market auctions of Emission Allowances for the third trad-ing period on behalf of the Federal Republic of Germany.
Subject to the formal approval of the auction calendar by the EU Commission, the addi-tional German auctions of the EU Emission Allowances (EUA) will take place on Fridays. Starting on 12 October, a volume of 2,400,000 EUA will be auctioned on the EEX Spot Market every week on Fridays. The last auction date of the year (14.12.2012) contains a remaining quantity of 1,931,000 EUA. In addition, EEX will auction EU Aviation Allowances (EUAA) for the second trading period on the Spot Mar-ket on two dates (each on Wednesday – 17 October and 14 November 2012). Thus, EEX will be the first exchange to carry out the primary market auctions of Emission Allowances for airlines.
On 27 February 2012, following a Europe-wide tendering procedure, the Federal Envi-ronment Agency awarded EEX the contract for the execution of the transitional auction platform, which is used as a temporary platform until the establishment of a permanent platform. 23.531 million Emission Allowances of the third trading period will be auc-tioned in 2012 in the context of the so-called “early auctions”. Overall, EEX in its capac-ity as the German transitional platform will auction up to 85 million Emission Allowanc-es at least until the first quarter of 2013.
EEX publishes all auction dates and volumes in the auction calendar under:
ww.eex.com > Download > Documentation > EUA Primary Auction
Moreover, EEX has been chosen by the European Commission to operate as the tran-sitional common auction platform for Emission Allowances of the third trading period. In its capacity as the common auction platform, EEX intends to conduct the auctions of EU Emission Allowances scheduled for 2012 on Tuesdays and Thursdays and auc-tions of EU Aviation Allowances on Wednesdays with some on Mondays.
Exact volumes and dates for the auctions are being co-ordinated between EEX and the Commission as well as the Member States involved and will be announced in due time.
Regarding German auctions (of EUA) of the second trading period, the last auction on the Derivatives Market will be held on 31 October 2012. The remaining volumes will be auctioned on the EEX Spot Market on a weekly basis (Tuesdays) from 6 November 2012 on.
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 December 2007, 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 pro-cess.
