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EEX Extends Emissions Auctions To Norway, Iceland And Liechtenstein

Date 16/05/2019

The European Energy Exchange (EEX) has revised the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) for the 25 EU Member States participating in the common auction platform (CAP2) to include the allowances of the EEA EFTA states, Norway, Iceland and Liechtenstein.

Auctioning of EU allowances (EUA)

The auctioning of emission allowances on behalf of the EEA EFTA states will commence on Monday, 3 June 2019. The EEA EFTA states’ allowances are included within the auctions, which EEX already conducts on behalf of the 25 EU Member States.

The auction details remain unchanged: The primary market auctions on behalf of the 25 EU Member States and the EEA EFTA states, take place on Mondays, Tuesdays and Thursdays, with the bidding window being open from 9.00 am to 11.00 am CET. The volumes will increase by part of the EEA EFTA states volumes which have been withheld since the start of phase 3 of the EU ETS in 2013.

The general allowances foreseen for the years 2013 to 2019 will be partly allocated to the market in 2019, as displayed in the table below:

Country

General allowancesoriginally foreseenfor the years 2013 to 2018

General allowancesoriginally foreseenfor 2019

General allowancesnow scheduled to be auctioned in 2019*

Norway

39,932,169

7,419,641  

19,630,000

Iceland

2,005,302

372,598

985,500

Liechtenstein

44,877

8,338  

22,000

TOTAL

41,982,348

7,800,577

20,637,500

*The volumes from September to December 2019 are indicative as they are subject to adjustments in accordance with the Article 14 of the Auctioning Regulation in view of implementation of the Market Stability Reserve (MSR, pursuant to Article 14(1)(i) of Commission Regulation (EU) 1031/2010, Auctioning Regulation).

Auctioning of EU Aviation allowances (EUAA)

Norway and Iceland will also take part in the auctions of EU Aviation allowances (EUAA) on the common auction platform, starting on 17 July 2019. Further EUAA auctions will take place on
11 September and 6 November 2019. All auction details remain unchanged bar the volume: The total EUAA volume to be auctioned will increase as a result of the Norwegian and Icelandic volumes (in total by 755,000 aviation allowances in 2019).

“We’re delighted to welcome Norway, Iceland and Liechtenstein as new participants on the EEX platform”, says Peter Reitz, Chief Executive Officer of EEX. Currently, EEX conducts primary market auctions on behalf of 27 EU Member States. This includes the common CAP2 platform with 25 participating EU Member States as well as Germany and Poland. In 2018, EEX carried out a total of 211 primary market auctions for EU emission allowances (EUA) and EU aviation allowances (EUAA) with a volume of 819.4 million tonnes of CO2.

Clearing and settlement of the emission allowances is conducted by European Commodity Clearing (ECC).

EEX provides detailed information in the auction calendar at the following link:

http://www.eex.com/en/trading/calendar.

The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.