The European Energy Exchange (EEX) has registered its first trade in EUA Futures beyond 2020, thereby extending into the fourth trading period of the EU ETS.
The transaction was registered on 28 October in the December 2021 maturity, with a volume of 50,000 tonnes of CO2 traded at a price of EUR 6.02 per EUA. The trade was conducted between BayernLB and Belektron.
Steffen Köhler (pictured), chief operating officer of EEX, says: “The extension of our offering represents another important development in EEX’s emissions market. Having listened to and worked closely with our market participants, we are the first exchange to offer these new EUA future expiries beyond 2020. This enables our participants to hedge against price risks even further in advance.”
Christoph Braun, vice president energy and commodity trading of BayernLB, adds: “BayernLB as one of the leading commodity traders in Germany has always played a pioneering role in emissions trading. Therefore, we are very happy about the positive development of EEX’s carbon market and that we have now concluded the first deal for the post 2020 trading phase.”
Boštjan Bandelj, director of Belektron, says: “The European carbon market is getting ready for the future, as are we at Belektron. We remain dedicated to providing the full spectrum of services to the carbon market and by providing liquidity in the post 2020 contracts, we are demonstrating our long term commitment to cater to the needs of carbon market participants.”
EEX launched four additional December expiries (up to 2024) for exchange trading and trade registration at the end of September 2016. In addition, the exchange launched EUA options for the EUA December Futures contracts. Since 18 October 2016, options with the current and the following 8 December expiries are available for trading.
