Today, the European Energy Exchange (EEX) conducted the auction of the second tranche of EU allowances (EUA) on behalf of the Czech Ministry of the Environment.
In the auction the volume of 1,568,500 EUA was sold at a price of 3.67 EUR/EUA. The total amount of bids was 6,942,000 EUA. Thus, a cover ratio of more than 4 was reached in the auction in which 17 companies took part.
The auction comprises unallocated volumes from the Czech Republic’s new entrants’ reserve (NER) for the second trading period of the EU emissions trading system (2008-2012). The first NER auction on behalf of the Czech Ministry (with a volume of 1 million EUA) took place in October 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 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 process.
