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The European Energy Exchange (EEX) is pleased to announce that a second round of auctions for the NER 300 Initiative will be held on the auction platform starting on 6 August.
The European Investment Bank will auction 500,000 EUA a day using the EEX Derivatives Market on Mondays and Tuesdays in August and September. EEX already has held EUA emission allowance auctions of the third trading phase on four days a week on behalf of EIB during June and July.
“We are very pleased that EIB will use the EEX auction platform also for sales of the last part of the first NER 300 tranche. EEX’s auction model has proven its reliability in more than 250 auctions to date, and we remain highly committed to offer our services to the full satisfaction of our clients, both the auctioneers and the bidders“, says Peter Reitz, Chief Executive Officer of EEX.
In March of this year, the European Investment Bank selected EEX as a co-operation exchange for on exchange sales of 300 million EUA. Monetization of the first tranche of 200 million EUA is to be concluded by the end of September. The EIB uses a range of EEX sales channels. Alongside auctions, this includes direct sales on the EEX secon- dary market and clearing of over-the-counter transactions at the EEX clearing house, European Commodity Clearing AG (ECC).
All auction dates are published by EEX in the current auction calendar at: http://cdn.eex.com/document/112050/2012_Primary_Auction_Calendar.pdf
EEX and Eurex offer their participants a platform for trading in CO2 emission allowances. Within the framework of this cooperation, which was launched in December 2007, the Eurex participants can trade the CO2 derivative products listed on EEX and participate in the EUA auctions through their existing infrastructure and a simplified admission process.
