The European Energy Exchange (EEX) has published the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) for the 25 Member States participating in the common auction platform. These calendars were established in coordination with the European Commission and the participating Member States.
The auction dates and volumes on behalf of Poland will be added as soon as possible. The auction calendar for Germany will be published after the amendment of the Auctioning Regulation to list EEX as Germany ́s next opt-out auction platform has entered into force.
The EUA auctions will be conducted by the EEX on behalf of 25 Member States on three days per week in the framework of the common EU auction platform (CAP2). The auctions will take place on Monday, Tuesday and Thursday during the period from 7 January to 16 December 2019.
As of 1 January 2019, the Market Stability Reserve (MSR) will start operations, which will lead to reduced auction volumes. For 2019, the MSR applies from January to August based on the figure of the total number of allowances in circulation published by the Commission on 15 May 2018. The volumes from September to December 2019 are preliminary and will be subject to adjustments.
The bidding window for all EUA auctions will be open from 9.00 to 11.00 CET.
EEX will carry out six auctions of EU aviation allowances in 2019 bimonthly. The auctions will take place on 16 January, 13 March, 8 May, 17 July, 11 September and 6 November.
The reduced auction volumes of EU allowances due to the Market Stability Reserve do not affect the auction volume of EU aviation allowances.
The bidding window will be open from 1.00 to 3.00 p.m. CET for all EUAA auctions on EEX.
Clearing and settlement of the emission allowances is conducted by European Commodity Clearing (ECC).
