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The European Energy Exchange (EEX) will simplify the requirements for participation in auctions for emission allowances for smaller and medium-sized market participants with a new admission option. From 1 August 2012, EEX offers an “Auction only” admission. It exclusively authorises companies to participate in primary auctions on the Spot Market for Emission Allowances and provides for simplified and cost-effective admission.
As a result, EEX will not charge “Auction only” participants annual fees. Moreover, a technical access is not mandatory but is offered at a reduced fee. The EEX offers the participants the option of having bids entered on behalf by the Market Supervision of the exchange which means that fees for technical access are not incurred. Companies that opt for this type of participation do not have to designate any traders and, as a result, save the costs for the exchange trader examination.
“With this simplified form of admission we are lowering the requirements for smaller and medium-sized companies that want to participate exclusively in the auctions. The simplified admission requirements also mean that these companies do not have to furnish proof of liable equity of EUR 50,000“, explains Steffen Köhler, Chief Market Officer of EEX.
Together, EEX and Eurex offer their participants a platform for trading in emission allowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the derivatives products for emission allowances listed on EEX through their existing infrastructure and a simplified admission process.
