Commission appoints European Energy Exchange AG (EEX) as first common auction platform

0
64

The Commission, the collaborating Member States and EEX have already begun arrangements for the beginning of the auctions. The tentative get started date for auctions at the common platform is end-October. EEX will put up the precise auction dates and time home windows for 2012 a minimum of two weeks prematurely of the first auction. EEX will auction a minimum of 250 million allowances prior to it’ll get replaced by way of the profitable bidder of a coming near near mushy process for the following common auction platform.

The ETS Directive and the ETS Auctioning Regulation supply for the auctioning, this yr, of 120 million section three allowances and a few 30 million aviation allowances. The 24 Member States applying the common auction platform have a percentage of a few 60% of the full quantity to be auctioned.

Opt-out auction platforms

Germany, Poland and the United Kingdom prior to now made up our minds to choose out of the common platform and to nominate their very own auction platforms.

EEX has additionally been decided on by way of Germany as its transitional opt-out auction platform. On 30 August 2012, the Commission licensed this by the use of an modification to the Auctioning Regulation. This modification was once revealed within the Official Journal on 31 August 2012. Germany has showed that it intends to begin its auctions for the 3rd buying and selling length and for aviation in early October. More details about the tentative get started of auctions at the German opt-out platform is to be had here.

The United Kingdom intends to nominate ICE Futures Europe (ICE) as its opt-out auction platform and the approval process is ongoing. The UK showed that its Phase III and aviation auctions stay on course to start in November 2012. More details about the tentative get started of auctions on the United Kingdom platform is to be had here.

Poland has now not but notified the opt-out auction platform it intends to nominate. As lengthy as a legitimate appointment isn’t in pressure, the Auctioning Regulation allows Poland to auction its percentage of allowances at the common auction platform.

Any auctions of section three allowances and aviation allowances below the Auctioning Regulation can happen best after an improve of the one registry has been activated. This is recently scheduled for the final week of September or the first week of October. More knowledge at the actual timetable shall be communicated in this web page on 17 September. Separate auctions for common allowances and aviation allowances shall be carried out each at the common as smartly as the opt-out platforms.

The finished number of the first common platform supplies readability for the marketplace in regards to the platforms which can take care of some 90% of the early auction quantity.

LEAVE A REPLY

Please enter your comment!
Please enter your name here