Auction Design

For all auctions of general allowances (EUAs) and for all auctions of aviation allowances (EUAAs), the common rules of the EU Auctioning Regulation apply. This also includes the main requirements for the auction's design:

At a glance

Auctioned product

- EUAs valid for compliance in the 3rd trading period of the EU ETS (2013-2020)
- EUAAs valid for compliance in the 3rd trading period of the EU ETS respectively

Auction delivery

Next-day delivery (T+1)

Auction format

Single round: Bids will be submitted during one given bidding window

Sealed bid: Bids will be submitted without seeing other participant's bids

Uniform price: All successful bidders will pay the same auction clearing price.

Lot size

500 allowances

  • Submission and withdrawal of bids

  • Determination of auction clearing price

  • Delivery and Payment

  • Trading System

M7 Auction System -Tutorial

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

M7 Auction System Tutorial

Bidder Handbook M7 Auction

27/09/2017 Bidder Handbook M7 Auction (1.1 MB) PDF