In the past weeks, the terms of use and corresponding rulebooks have been adapted within the framework of the project work. Since 9 August 2021, participants who wish to participate directly in the sell-off on EEX can apply for admission via the nEHS admission website. Information on the admission portal and admission process can be found in our admission guide (German).

Currently, the incoming admission applications are being reviewed and processed. At the same time, an increasing number of currently 18 intermediaries are offering indirect access to nEHS sell-off, which eliminates the approval burden at the EEX for participants. An intermediary is a participant admitted to the EEX and ECC that indirectly enables third parties to participate in the nEHS sell-off at EEX through its access and infrastructure. On our website you will find the current list of intermediaries.

On 4 August, EEX also hosted a webinar to explain the admission process. The recording of the webinar (in German) as well as the corresponding presentation (in German and English) can also be found on our website.

On 24 August 2021, EEX published the prospective 2021 schedule for sell-offs for the national Emissions Trading System (“nEHS”) in coordination with the German Federal Environment Agency.

The first sell-off session of the nEHS is expected to take place on 5 October 2021. The sessions will be held twice a week throughout the year, on Tuesdays and Thursdays, for six hours each from 9:30 am until 3:30 pm CET. The last sell-off session in 2021 will presumably take place on 7 December 2021. Within the nEHS, a fixed-price phase is initially planned until 2025, during which the nEHS certificates will be issued at a legally fixed and annually increasing price. Up to and including 2025, the sell-off of such certificates will take place via EEX at fixed prices and move into an auction process from 2026 onwards. During the fixed price phase the number of available nEHS certificates will be unlimited. Further details are provided in the published sell-off calendar.
 

EEX is currently conducting a survey to obtain a broad opinion and preferences regarding the design of a possible secondary market within nEHS. The survey consists of eight questions, takes only five minutes and will help to build the market in accordance to your needs.

Why could there be a need for a secondary market?
nEHS certificates are allocated to the current calendar year ("vintage") and are only valid for covering fuel emissions in this and the previous calendar year (no "banking" allowed). The date for submission of nEHS certificates to DEHSt is 30 September for the previous year's emissions. However, obligated parties are allowed to purchase nEHS certificates with the previous year's vintage and price until 30 September of the following year (first until 30 September 2022). This so called post-purchase rule is, however, limited to an amount corresponding to 10% of the inventory of nEHS certificates held in the company's own compliance account at the end of the previous year (for the first time as of 31 December 2021). Any nEHS certificates required beyond that limit can only be purchased on the EEX at the respective valid price (which is higher than in the previous year). Hence, the need for an additional secondary market would be given.

We look forward to your feedback!

More Information

Current questions and answers about the nEHS in general as well as about the admission process can be found on our homepage.

> Click here for the FAQ page

For all questions regarding admission, you can reach us by email at nehs-admission@eex.com, as well as by telephone at the following number +00 33 1 73 03 96 23