Leipzig, 22 August 2016 – The European Energy Exchange (EEX) has determined the Auction Calendar for the auctions of EU allowances (EUA) and EU aviation allowances (EUAA) to be held on the successor EU common auction platform (“CAP2”), in accordance with the EU Auctioning Regulation.
The CAP2 auctions, which are conducted under a new service contract awarded to EEX last month, will start on 5 September 2016. Until the end of this year, a volume of 159 million emission allowances is scheduled to be auctioned off on behalf of 25 EU Member States.
The timing of the auctions will be the same as for the previous transitional EU common auction platform (“TCAP”): EUA auctions in the remaining year will be held on three days per week – each Monday, Tuesday and Thursday. The bidding window on the EEX spot market will be open from 9.00 to 11.00 a.m. CET on each auction day.
In its capacity as TCAP, EEX has also been acting as a service provider to Poland to sell its share of allowances in the absence of its own platform. The continuation of the Polish auctions on CAP2 is still subject to the conclusion of a separate bilateral agreement between EEX and Poland.
The auction dates and volumes for the German auctions conducted in 2016 will remain unchanged.
More detailed information is available in the Auction Calendar on the EEX website at: http://www.eex.com/en/trading/calendar
The upcoming auctions represent a continuation of the emissions auctions under the framework of TCAP. In September 2012, EEX was appointed as TCAP, with the first auction executed on 13 November 2012. Since then, 545 TCAP auctions were held on the EEX spot market with a volume of more than 1.5 billion tons of emission European Energy Exchange AG Page 4 allowances (EUAs and EUAAs) being auctioned. In July 2016, EEX was re-appointed as CAP2 for another period of up to five years.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). More information: www.eex.com
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