The European Energy Exchange (EEX), in cooperation with IncubEx, launched UK Emission Allowance (UKA) Futures and Options today, in order to allow market participants to comply with the UK Climate Law and also to complement EEX’s wider offering for the UK power and gas markets.
The first trade was concluded on the first day of availability, between Centrica and CFP Energy, brokered by Tradition Energy and Commodities.
Cassim Mangerah, Managing Director of Centrica Energy comments: “We are pleased to take part in the first UKA trade on EEX. The introduction of these products strengthens the UK carbon market by improving access to transparent pricing and robust risk management tools. With our experience in environmental and energy markets, we are focused on supporting the development of liquidity and enabling customers to manage their exposure in a maturing UK ETS.”
Joseph Eagell, Carbon Trader at CFP Energy commented: “We're proud to complete the first UKA trade on EEX, reinforcing our position as the market leader in UKA trading since the launch of the UK ETS. CFP Energy have been at the forefront of the UK carbon market since it began in 2021, providing market insights and developing tailored trading strategies to over 100 UK ETS operators, we see EEX launching UKA markets as a crucial step toward improving liquidity and transparency.”
John Molloy, Head of Environmental Products at Tradition Energy and Commodities, comments: “We are delighted to have brokered the first ever UKA EEX cleared trade, vintage Dec 2026, marking another important milestone in the continued evolution of the UK carbon market.”
Graham Francis, Managing Director at Tradition Energy and Commodities, adds: “This trade further demonstrates our commitment to be at the forefront in supporting liquidity as new Carbon Markets come online.”
The new contract suite by EEX comprises UKA Futures and Options, with the first tradeable maturity of December 2026. The contracts are available through order book trading as well as trade registration.
Please find the German version of the press release in the download section below.
The European Energy Exchange (EEX) is a leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers and partners. As part of EEX Group, it serves international power, natural gas, environmental, freight and agricultural markets, and provides data, reporting and registry services. EEX is an enabler of the energy transition and decarbonisation, advancing renewables integration through dedicated products and services, including those related to guarantees of origin.
IncubEx works with partners and stakeholders to design and develop new financial products, markets and trading solutions in global environmental, climate risk, and related commodity markets. The company collaborates with the European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange on listed environmental products and operates The Voluntary Climate Marketplace (TVCM). IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally.
