EEX reaches milestone with 2,000th primary market auction for Emission Allowances

The European Energy Exchange (EEX) has carried out the 2,000th primary market auction for emission allowances.

The auction was conducted in the framework of the common EU auction platform (CAP2) on behalf of 25 EU Member States and the EEA EFTA states. It covered a volume of 3,951,500 EU emission allowances (EUA) including a volume of 877,000 EUA for the Innovation Fund. The auction was cleared at a price of 26.67 Euro/EUA with a total of 26 bidders taking part in the auction.

Peter Reitz, CEO of EEX, says: “EEX has provided services for the auctioning of emission allowances on the primary market within the European Emissions Trading System for ten years now. This new milestone of 2,000 successful auctions highlights the expertise and know-how we have developed in this field over the years.”

Primary market auctions for EU Emission Allowances (EUA) and EU Aviation Allowances (EUAA) are held almost daily on the EEX Spot Market. Since launch in 2010, EEX has generated a total revenue of more than 62.8 billion euros for the respective auctioneers. A volume of 5.5 billion allowances has been sold in primary market auctions via the exchange so far.

Almost 90 per cent of the entire primary market volume in Europe is auctioned off via EEX which operates the common auction platform for the auctioning of emission allowances on behalf of 25 participating member states, as well as three EEA-EFTA states. Just recently, EEX has been re-appointed as common auction platform by the European Commission for a further five years. In addition, it carries out separate auctions for the Federal Republic of Germany and Poland.

With the ultimate goal of implementing CO2 pricing with market mechanisms and the linkage of trading systems, EEX Group engages with partners worldwide to establish and develop their emission trading systems. This includes a partnership of EEX and the New Zealand Exchange (NZX) which has been selected to develop and operate the managed auction service for the New Zealand’s Emissions Trading Scheme.