ETS Auctioning Regulation amendment: auctions on renewed opt-out platform for Germany to resume soon

viernes, 11 de enero de 2019 | Trading

The amendment to the ETS Auctioning Regulation re-listing Germany’s opt-out auction platform entered into force on 5 January.

As a result, Germany will be able to resume auctions on its appointed opt-out platform, the European Energy Exchange AG (EEX), after the amendment to the ETS Auctioning Regulation was published in the Official Journal of the European Union on 4 January.

The Commission expects the auctions to resume in February 2019.

The 2019 auction calendar for Germany is expected to be published by EEX in due time. This calendar will also include the volumes from the German auctions that have not taken place since 14 November 2018.

To facilitate a timely start of the Innovation Fund before 2021, the amendment also enables the monetisation of a first batch of 50 million allowances on the Common Auction Platform in 2020. The arrangements for the monetisation of the 400 million allowances that will become available in 2021-2030 will be decided at a later stage.

Source:European Commission