The European Energy Exchange (EEX) will run the primary market auction for European emission allowances (EUA) for the Netherlands. On 1 September 2011, EEX was awarded the contract for the execution of the national primary market auction for 2011 and 2012 by the Dutch Ministry for Infrastructure and the Environment. The volume to be auctioned totals 8 million EUA, 4 million of which will be auctioned this year and another 4 million of which will be auctioned next year on the EEX Spot Market. This year two auctions for the Dutch Government will take place: On 27 October 2011 and on 24 November 2011 a volume of each 2 million EUA will be auctioned off.“
With its offer EEX convinced the Dutch ministry and, as a result, managed to prevail against various competitors“, says Peter Reitz, Chief Executive Officer of EEX AG.“ The quality and security standards on EEX have a high reputation. The fact that we have won the contract for the auction brings us yet another step closer to our aim of operating the platform for the primary market auction throughout Europe as well as other countries.”
Diederik de Jong, Head of the Department of Climate Policies of the Dutch ministry of Infrastructure and the Environment stated that “The offer of EEX to execute the auctions was very competitive and based on the broad experience EEX already has. We are very confident that EEX will carry out the auctions for the Dutch government successfully”.
For the execution of the Dutch auctions EEX and European Commodity Clearing (ECC) will use the trading and settlement processes which have already been established in the framework of the German auctions. Access to the system, the procedure and the fee structure will correspond to the current primary market auction. All trading participants that are admitted for trading in emission allowances on EEX will be able to take part in the auctions without any further admission requirements.
EEX and the Eurex Exchange offer their participants a platform for trading in CO2 Emission Allowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the CO2 derivatives products listed on EEX through their existing infrastructure and a simplified admission process.