EUA Primary Market Auction
EEX is the only exchange in Europe that has experience in EUA auctions on a regular and large-scale basis.
Since 2010, it has successfully conducted the weekly EUA primary market auctions for the German government. In addition, EEX also carries out the EUA auctions for Lithuania (in 2011 and 2012) and the Netherlands (in 2011 and 2012). With its auction model EEX offers a simple, transparent and safe channel for auctioning volumes of emission allowances.
All trading participants on EEX have the possibility of submitting their bids via the Xetra and/or Eurex platform. Furthermore, bids can be submitted via Execution Brokers admitted to EEX. In addition, bids by trading participants are also accepted by the market supervision as “trading on behalf”.
Each auction participant can only view its own bids as submitted (“Black Box Auction”). All customers already listed on EEX have the possibility of participating in the auctions of spot and derivatives contracts without any additional expenditure. Clearing and settlement are ensured through the tried and tested ECC processes.
At a glance | ||
| Spot Market | Derivatives Market | |
| Contract | EU Allowances Spot Market 2nd period EU ETS | EU Allowances Derivatives Market 2nd period EU ETS |
| Delivery day / Maturity | t + 1 | 2012: 19 December 2012 |
| Contract volume | 1 EUA (1 t CO2) | 1,000 EUA (1,000 t CO2) |
| Minimum bid volume | 500 EUA (500 contracts) | 1,000 EUA (1 contract) |
| Quotation | In EUR per t CO2 with 2 digits after the decimal point | In EUR per t CO2 with 2 digits after the decimal point |
| Fulfilment | Delivery versus payment | Delivery versus payment |
| Transaction fees | Exchange: EUR 0.002 per EUA Clearing: EUR 0.001 per EUA | Exchange: EUR 0.0018 per EUA Clearing: EUR 0.001 per EUA |
Further Information | |
| EUA Primary Auction Calendar 2011 | download PDF (28 KB) |
| EUA Primary Auction Calendar 2012 | download PDF (81 KB) |
| Bidding Form EUA Primary Auction | download PDF (78 KB) |
