The European Energy Exchange (EEX) provides market participants additional time to prepare themselves for the upcoming German “Early Auctions”. In co-ordination with the competent national authorities, EEX has decided to postpone the launch of the German “Early Auctions” by two weeks. The reason is that potential bidders – who have to prove their eligibility to bid in these auctions – will need more time to fulfil the requirements according to EU rules, namely the Auctioning Regulation.
The first auction of EU Emission Allowances (EUA) of the third trading period will be held on 26 October 2012 (initially planned for 12 October). From this date on, EUA auc- tions will take place every Friday from 09.00-11.00 a.m. CET with an individual auction volume of 3,000,000 EUA (last auction on 14 December 2012 with a volume of2,531,000 EUA) per date.
The Spot Market auctions of the German share of EU Aviation Allowances (EUAA) will start on 31 October 2012 with an amount of 2,500,000 EUAAs (initially planned for17 October). The second German EUAA auction will be carried out on 14 November 2012 as planned.
The updated Auction Calendar is available under the following link: www.eex.com > Download > Documentation > EUA Primary Auction Calendar
More information for participating in the auction and the respective forms is publishedby EEX under the following link: www.eex.com/en/auction
Together, EEX and Eurex offer their participants a platform for trading in CO2 emission allowances. In the framework of this co-operation, which was launched in December 2007, Eurex participants can trade the CO2 derivatives products listed on EEX and take part in EUA auctions via their existing infrastructure and a simplified admission process.