EEX Is Awarded Contract For The Transitory Auction Platform For Germany

The European Energy Exchange (EEX) has won the tendering procedure for the transitory auctioning platform for the EU Emission Allowances (EUA) auctioned off by Germany for the third emissions trading period. On 27 February 2012, the Federal Environment Agency awarded EEX the contract.

Until the establishment of a permanent platform auctions will be carried out on the transitory platform. Subject to the necessary recognition of the EEX as an auctioning platform by the European Commission and the Climate Change Committee EEX as transitory platform will auction off a volume of up to 85 million Emission Allowances of the third trading period in addition to the current German EUA auctions of the second period. This non-binding estimate contains the volume of emission allowances for the airline industry (EU Aviation Allowances – EUAA) allocated to the Federal Republic of Germany that is to be auctioned off.

“The positive experience gathered so far has shown that EEX is a reliable partner for the execution of EUA auctions. We are looking forward to the further cooperation“, says Peter Reitz, Chief Executive Officer of EEX.

In addition to the German auctions EEX also runs the primary market auctions for the Netherlands and Lithuania and was chosen as cooperation exchange for the NER300 programme of the European Investment Bank.

EEX and the Eurex Exchange offer their participants a platform for trading in CO2 Emission Allowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the CO2 derivatives products listed on EEX through their existing infrastructure and a simplified admission process.