The first scheduled auction of European Union Emission Allowances (EUAs) by the Greek Government's New Entrants' Reserve will take place on Wednesday, the 29th of June 2011. A quantity of 1.100.000 EUAs will be auctioned through the OASIS trading platform of Athens Exchange (ATHEX).
In order to improve the auction's effectiveness and facilitate the participation of ATHEX members, the following improvements (comparing to the recent unscheduled auction of 15/6/2011) will be implemented:
The selling price will be flexible and may be changed during the auction's pre call phase, so that it is fully harmonized with the current prices quoted in the international carbon markets.
The price fluctuation limits will become significantly broader. ATHEX will publish the floor and ceiling price in the same morning of the auction's day.
For more information regarding all the above mentioned please visit the link .
