The European Energy Exchange (EEX) has published the 2021 calendar for the auctioning of EU Emission Allowances (EUA) and EU Aviation Allowances (EUAA) in coordination with the European Commission, the EU Member States and the EEA EFTA states auctioning on the common auction platform (CAP3) as well as with the competent German and Polish authorities.
Furthermore, the EEX contract on the auctioning of emission allowances on behalf of the Polish government has been extended on 10th December 2020 for up to five years.
The 2021 emission auctions will start with the German EUA auction on 29th January 2021.
Auctions of EU Emission Allowances (EUA)
EU auctions
EEX will hold EUA auctions in the framework of the common EU auction platform (CAP3) on behalf of 25 EU member states, the EEA EFTA states and two funds. The 2021 auctions will include a volume of 40 million allowances for the Innovation Fund and 69.4 million allowances for the Modernisation Fund. The EU auctions are scheduled to take place as usual on Mondays, Tuesdays and Thursdays during the period from 1 February to 20th December 2021.
Auctions for Germany
EEX will conduct weekly EUA auctions on behalf of the Federal Republic of Germany on Fridays, starting on 29th January 2021 until 17th December 2021.
Auctions for Poland
Auctions on behalf of Poland will take place in 2021 in a weekly rhythm every Wednesday, starting on 3rd February until 15th December 2021.
The bidding window for all EUA auctions conducted by EEX will be open from 9.00 to 11.00 am CET. The below table provides an overview of the auction volumes:
|
| EU (CAP3) | DE | PL |
| Overall volume 2021 | 461,097,000 EUA | 131,744,000 EUA | 118,702,500 EUA |
| Volume per auction Jan-Jul | 3,288,500 EUA | 2,651,000 EUA | 2,575,000 EUA |
| Volume per auction in Aug | 1,644,500 EUA | 1,325,500 EUA | 1,287,500 EUA |
| Volume last auction in Aug | 1,759,500 EUA | 1,328,500 EUA | 1,300,500 EUA |
| Volume per auction Sep-Dec* | 4,330,500 EUA | 3,760,000 EUA | 2,911,500 EUA |
| Volume last auction in Dec* | 4,666,000 EUA | 3,764,000 EUA | 2,917,000 EUA |
* The volumes from September to December 2021 are preliminary and can be subject to Market Stability Reserve (MSR) adjustments.
Auctions of EU Aviation Allowances (EUAA)
EU auctions
In its capacity as the common auction platform appointed by 25 Member States and the EEA EFTA states, EEX will conduct five auctions of EU Aviation Allowances (EUAA) in 2021 in a bi-monthly rhythm, starting from 17th March 2021:
17th March: 614,500 EUAAs
12th May: 614,500 EUAAs
7th July: 614,500 EUAAs
15th September: 614,500 EUAAs
10th November: 613,500 EUAAs
German and Polish EUAA auction
EEX will conduct one EUAA auction on behalf of Germany on Wednesday, 13th October 2021, with a volume of 600,000 EUAAs.
EEX will also conduct one EUAA auction on behalf of Poland on Wednesday, 14th April 2021, with a volume of 114,000 EUAAs.
The bidding window for all EUAA auctions on EEX will be open from 1.00 to 3.00 pm CET.
EEX provides detailed information in the auction calendar at the following link: https://www.eex.com/en/markets/trading-ressources/calendar
Clearing and settlement of all emission allowances is conducted by European Commodity Clearing (ECC).
EEX is the leading auction platform for emission allowances in Europe. In 2020, EEX successfully carried out 218 primary market emissions auctions bringing the total to 2,019 auctions. More than 5.6 billion allowances have been sold in primary market auctions via the exchange, raising more than 64.7 billion Euro of revenues for the EU Member States in total so far.
The European Energy Exchange (EEX) is the leading energy exchange which develops, operates and connects secure, liquid and transparent markets for energy and commodity products around the globe. As part of EEX Group, a group of companies serving international commodity markets, it offers contracts on Power, Natural Gas and Emission Allowances as well as Freight and Agricultural Products. EEX also provides registry services as well as auctions for Guarantees of Origin, on behalf of the French State: www.eex.com