Emissions Auctions

Emissions Primary Auctions

"EEX has established itself as the leading auction platform for emission allowances in the EU ETS. We will also expand our secondary market offer with further monthly and quarterly maturities to meet market demand."

Christian Fleischer, Senior Sales Manager

Auctioning is the basic principle of allocating allowances within the EU emissions trading system (EU ETS). This means that businesses have to buy an increasing proportion of allowances through auctions. In coordination with the European Commission, Germany and Poland, EEX has published the volumes that will be auctioned in 2020 in the auction calendar. The volumes from September to December 2020 are indicative as they are subject to adjustments in accordance with the Article 14 of the Auctioning Regulation in view of implementation of the Market Stability Reserve.

EEX has been awarded the role as the common auction platform to auction allowances on behalf of 25 EU Member States and the EEA EFTA States. In this capacity, EEX also conducts emissions auctions for Poland during a transitional period. In addition, EEX has been selected as Germany’s opt-out auction platform.

In these functions, EEX holds regular auctions of EU general allowances (EUAs) and EU aviation allowances (EUAAs) on its spot market.

At a glance

Auctioned product – EU allowances (EUAs)
Contract	Delivery day	Contract size	Minimum lot size	Tick size	Fulfilment
EUAs	t+1	1 EUA	500 EUAs (= 500 t CO2_eq)	EUR 0.01 per allowance	Delivery versus payment

Auctioned product – EU aviation allowances (EUAAs)
Contract	Delivery day	Contract size	Minimum lot size	Tick size	Fulfilment
EUAAs	t+1	1 EUAA	500 EUAAs (= 500 t CO2_eq)	EUR 0.01 per allowance	Delivery versus payment

Emissions Auctions at EEX

On behalf of the Member States and the EEA EFTA States participating in the common auction platform	· Auctions for 25 EU Member States and 3 EEA EFTA States · Weekly auctions on Monday, Tuesday, Thursday, 11 am CE(S)T
On behalf of the Federal Republic of Germany	· Weekly auctions on Fridays, 11 am CE(S)T
On behalf of Poland	· Auctions biweekly on Wednesdays, 11 am CE(S)T

Fees Primary Market

Combined trading and clearing fee, in €/1,000 allowances (1,000 allowances = 2 lot)*

EU auctions (including EEA EFTA States)	€ 3.88
German auctions	€ 3.50
Polish auctions	€ 3.00

^{* The Auctioning Regulation refers to 500 allowances/lot with combined trading and clearing fees of 1.94 €/lot for EU auctions, 1.75 €/lot for German auctions and 1.50 €/lot for Polish auctions.}

Price List:

> Current EEX Price List

> Current ECC Price List

Auction Report 2020

The Emission Spot Primary Market Auction Report provides detailed information on prices, volumes and participating countries of the auctions.

> Emission Spot Primary Market Auction Report 2020

M7 Auction System -Tutorial

The following tutorial informs about the key features of the M7 Auction System.

M7 Auction System Tutorial

17/03/2020	EEX Auction Calendar 2020 (PDF) (1.4 MB)	PDF
17/03/2020	EEX Auction Calendar 2020 (XLS) (225 KB)	XLSX
17/03/2020	EUA Primary Auction Calendar History 2020 (4.1 MB)	ZIP
20/12/2019	EUA Primary Auction Calendar History 2019 (5.7 MB)	ZIP