The European Energy Exchange (EEX) has published the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) on behalf of the Federal Republic of Germany.
The calendar complements the auction calendars which have been published in December 2018 for Poland and for the 25 EU Member States in the framework of the CAP2 auctions.
The EUA auctions on behalf of Germany will be scheduled on Fridays during the period from 1 February to 13 December 2019.
Since 1 January 2019, the Market Stability Reserve (MSR) is operating. Pursuant to Article 14(1)(l) of Commission Regulation (EU) 1031/2010 (Auctioning Regulation) the auction volumes have been adjusted accordingly. The operation of the MSR leads to reduced 2019 EUA auction volume between January and 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 due to the operation of the MSR. The 2019 EUA auction volume also includes the volume of the auctions for Germany that have not taken place after 14 November 2018.
EEX will also conduct one EUAA auction on behalf of the Federal Republic of Germany with a volume of 801,500 EUAAs on Wednesday 9 October 2019, with the bidding window being open from 13.00 to 15.00 hrs CET.
The implementation of the Market Stability Reserve does not affect the auction volume of EU aviation allowances.
EEX conducts primary market auctions on behalf of 27 EU Member States. This includes the common EU platform (CAP2) with 25 participating EU Member States as well as the German and Polish auctions. In 2018, EEX carried out a total of 206 primary market auctions for EU emission allowances (EUA) and EU aviation allowances (EUAA) with a volume of 849.2 million tonnes of CO2.
