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EEX Publishes 2019 Auction Calendar For Germany

Date 11/01/2019

The European Energy Exchange (EEX) has published the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) on behalf of the Federal Republic of Germany. The calendar complements the auction calendars which have been published in December 2018 for Poland and for the 25 EU Member States in the framework of the CAP2 auctions.

Auctioning of EU allowances (EUA)

The EUA auctions on behalf of Germany will be scheduled on Fridays during the period from 1st February to 13th December 2019.

Since 1st January 2019, the Market Stability Reserve (MSR) is operating. Pursuant to Article 14(1)(l) of Commission Regulation (EU) 1031/2010 (Auctioning Regulation) the auction volumes have been adjusted accordingly. The operation of the MSR leads to reduced 2019 EUA auction volume between January and August based on the figure of the total number of allowances in circulation published by the Commission on 15 May 2018. The volumes from September to December 2019 are preliminary and will be subject to adjustments due to the operation of the MSR. The 2019 EUA auction volume also includes the volume of the auctions for Germany that have not taken place after 14 November 2018.

The table below provides an overview of the German EUA auction volumes:

 EUA auctions

Volume

Overall volume 2019

156,028,500 EUA

Volume per auction Feb-Jul

3,209,000 EUA

Volume per auction Aug

1,604,500 EUA

Volume per auction Sep-Dec

4,732,500 EUA

Volume last auction

4,735,000 EU

The bidding window for all EUA auctions will be open from 9.00 to 11.00 am CET.

Auctioning of EU aviation allowances (EUAA)

EEX will also conduct one EUAA auction on behalf of the Federal Republic of Germany with a volume of 801,500 EUAAs on Wednesday, 9th October 2019 with the bidding window being open from 1.00 to 3.00 pm CET.

The implementation of the Market Stability Reserve does not affect the auction volume of EU aviation allowances.

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.

EEX conducts primary market auctions on behalf of 27 EU Member States. This includes the common EU platform (‘CAP2’) with 25 participating EU Member States as well as the German and Polish auctions. In 2018, EEX carried out a total of 206 primary market auctions for EU emission allowances (EUA) and EU aviation allowances (EUAA) with a volume of 849.2 million tonnes of CO2.

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.