The European Energy Exchange (EEX) is set to start the admission process for the sell-off of nEHS certificates within the national Emissions Trading Scheme (“nEHS”) in coordination with the German Federal Environment Agency.
The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time with sales via EEX to be launched in October 2021.
All CO2-causing fuels, especially petrol, diesel, heating oil, liquid gas, natural gas and from 2023 onwards coal, are included in the nEHS. Those companies and organisations which place fuels on the market, for example natural gas suppliers or companies in the mineral oil industry, are obligated under the nEHS.
The obligated companies will need to decide whether they wish to access the market directly via admission to EEX and its clearing house ECC or participate indirectly in the sell-off via an intermediary.
This also applies for intermediaries. An intermediary is a Trading Participant admitted to EEX and ECC and provides indirect access to markets for third companies via its access and infrastructure. Currently 14 companies have agreed to act as an intermediary for the nEHS sell-off. EEX publishes the list of intermediaries including the nEHS services they offer on its dedicated nEHS website.
EEX will hold a webinar with focus on the admission process and access routes to the nEHS tomorrow, on 4 August 2021 (in German language) to provide more detailed information.
