The European Energy Exchange (EEX) has determined the auction calendar for the auctions of EU allowances (EUA) and EU aviation allowances (EUAA) to be held on the successor EU common auction platform (CAP2), in accordance with the EU Auctioning Regulation.
The CAP2 auctions, which are conducted under a new service contract awarded to EEX last month, will start on 5 September 2016. Until the end of this year, a volume of 159 million emission allowances is scheduled to be auctioned off on behalf of 25 EU member states.
The timing of the auctions will be the same as for the previous transitional EU common auction platform (TCAP): EUA auctions in the remaining year will be held on three days per week – each Monday, Tuesday and Thursday. The bidding window on the EEX spot market will be open from 9am to 11am CET on each auction day.
In its capacity as TCAP, EEX has also been acting as a service provider to Poland to sell its share of allowances in the absence of its own platform. The continuation of the Polish auctions on CAP2 is still subject to the conclusion of a separate bilateral agreement between EEX and Poland.
The auction dates and volumes for the German auctions conducted in 2016 will remain unchanged.