Emissions 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. For 2018, the Commission announced that a total amount of 937,557,000 general allowances (EUAs) and a total amount of 5,601,500 aviation allowances (EUAAs) will be auctioned. About 90 percent of all allowances auctioned off in the EU ETS are allocated via EEX.

EEX has been awarded the role as the common auction platform to auction allowances on behalf of 25 EU member 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 participating in the common auction platform	· Auctions for 25 EU Member States · Represent ~60 % of overall auction volume · Weekly auctions on Monday, Tuesday, Thursday, 11 am CET
On behalf of the Federal Republic of Germany	· Represent ~21 % of overall auction volume · Weekly auctions on Fridays, 11 am CET The timing of the auctions for the Federal Republic of Germany shall be considered indicative after the termination of the contract of that platform, which runs until 14 November 2018. EEX won the tender of the German Environment Agency for the next German auction platform. Before auctions can start under the new mandate, EEX has to undergo a formal assessment process of the European Commission.
On behalf of Poland	· Represent ~8 % of overall auction volume · Auctions on Wednesdays, 11 am CET
Pending for EEA/EFTA countries	Norway, Iceland, Liechtenstein

Fees Primary Market

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

EU auctions	€ 2.64
German, Polish auctions	€ 3.00

^{* The Auctioning Regulation refers to 500 allowances/lot with combined trading and clearing fees of 1.32 €/lot for EU auctions and 1.50 €/lot for German and Polish auctions.}

Price List:

> Current EEX Price List

> Current ECC Price List

Auction Report 2018

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 2018

M7 Auction System -Tutorial

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

M7 Auction System Tutorial

21/09/2018	EEX Auction Calendar 2018 (1.4 MB)	PDF
21/09/2018	EEX Auction Calendar 2018 (226 KB)	XLSX
14/08/2018	Auction Calendar - Annex 1, Adjustments to the Auction Calendar 2018 (111 KB)	PDF
21/09/2018	EUA Primary Auction Calendar History 2018 (5.2 MB)	ZIP