The European Energy Exchange (EEX) is extending the sell-off calendar for the national Emissions Trading System (nEHS) in coordination with the German Environment Agency to include additional dates in December 2021.
This provides regulated companies under the nEHS with further opportunities to purchase national emission certificates (nEHS certificates, abbreviated to nEZ at the EEX) at a price of EUR25 before the end of 2021.
The additional sell-off dates for 2021 will be held on the 9, 14 and 16 December respectively with the sell-off window taking place between 9.30 am to 3.30 pm CET.
The reason for the 2021 extension is due to the fact that in the first reporting year 2021, only a specific period was originally available for the purchase of nEHS certificates.
In addition, EEX also published the calendar for the sell-off dates in 2022 in coordination with the German Environment Agency. The sell-offs will take place twice a week throughout the year. Participants will be able to purchase nEHS certificates on Tuesdays and Thursdays. The time window will be open for six hours from 9 am to 3 pm CET.
Participants can purchase nEHS certificates for the year 2022 at a fixed price of EUR30 each throughout the year during the sell-off dates for 2022. Additionally, to a limited extent, post-purchases of nEHS certificates for the year 2021 are also possible at the corresponding fixed price of EUR 25 per certificate.
However, the possibility of post-purchase is limited by law to 10 percent of the quantity already purchased by the respective participant in 2021 (Section 10 (2) sentence 3 Fuel Emissions Trading Act (BEHG)). Pursuant to Section 6 (2) of the Fuel Emissions Trading Regulation (BEHV), the reference point is the quantity of nEHS certificates held by the participant in their compliance account at the end of the calendar year (here: 31 December 2021).
nEHS certificates dated 2021 can only be surrendered for the reporting year 2021, and regulated companies must meet their surrender obligation by 30 September 2022. The last date of the sell-off with the possibility of post-purchase is 22 September 2022. nEHS certificates dated 2022 can also be surrendered for the reporting year 2021.
