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European Energy Exchange appointed as EU ETS common auction platform from 2021

13 November 2020 | Trading

 

On 4 November 2020, the European Commission signed a five-year contract with European Energy Exchange AG (EEX) and its clearing system European Commodity Clearing AG (ECC) for the services of the third common auction platform under the EU Emissions Trading System (EU ETS).

EEX was appointed as the new common auction platform following a joint procurement procedure between the Commission and the participating States: 25 EU Member States (Belgium, Bulgaria, Czechia, Denmark, Estonia, Ireland, Spain, France, Finland, Greece, Italy, Cyprus, Croatia, Latvia, Lithuania, Luxembourg, Hungary, Malta, The Netherlands, Austria, Portugal, Romania, Slovenia, Slovakia, Sweden) and 3 EEA-EFTA States (Iceland, Liechtenstein, Norway).

Auctions on the new common auction platform will start in 2021. EEX will continue to auction the general and aviation allowances for the participating States. It will also auction the general allowances that are earmarked to finance the Modernisation Fund and the Innovation Fund.

Information on the publication of 2021 auction calendars and the start of 2021 auctions will follow shortly.

As EEX is the current common auction platform, it will continue auctioning the general and aviation allowances for the participating States until and including the 14 December 2020.

 

Source: European Commission