The European Energy Exchange (EEX), in its capacity of the transitional auction platform for the Federal Republic of Germany, could not execute today's auction of EU Allowances (EUA) for the third trading period, because it would have cleared below the reserve price.
In accordance with the rules governing the auctions the auction has been cancelled. The auction volume will now be evenly distributed over the next four scheduled auctions. The auction calendar will be adjusted accordingly and an updated version will be published soon.