SESTA (nEHS) and national emissions trading registry to open compliance accounts

Account opening for the national emissions trading scheme (nEHS) still delayed

Topic account opening: Contrary to the expected deadline of 01.04.2021, the corresponding compliance accounts can probably be applied for and opened in the second quarter of 2021 according to DEHSt. A compliance account is the account that the companies responsible for SESTA must open in respect of the nEHS.

It remains to be seen when exactly the opening date will follow.

We will be pleased to carry out the following activities for you in the context of SESTA:

  • Advice on the economic and procedural effects of the Fuel Emissions Trading Act (BEHG) on your company
  • Advice for possible switch to EU-ETS
  • Preparation and submission of the monitoring plan in accordance with §6 BEHG and continuous monitoring up to approval
  • Verifiable determination of fuel emissions and preparation of the emissions report according to § 7 Abs. 1, 2 SESTA
  • Preparation and monitoring of the verification of the emissions report according to § 7 Abs. 3 SESTA
  • Submission of the verified emissions report to the competent authority (DEHSt) by 31.07 of the following year according to §7 Abs. 1 SESTA
  • Verification to avoid double charging according to §7 Abs. 5 SESTA
  • Support in the establishment of accounts and account representatives in the national emissions trading registry pursuant to section 12 para. 2 SESTA for the administration of emission allowances pursuant to section 9 para. 1
  • Support in the management of their register account e.g. as one of the authorized account holders
    • Verification of transfers
    • timely retransfers of emission allowances by 30.09 for the previous year pursuant to § 8 SESTA
    • Data updates of information in the register
    • Representation of historical account movements and balances on the basis of account statements
  • Support in the purchase and sale of emission certificates
  • Support with requests for information and assistance with on-site inspections by the competent authority pursuant to § 14 SESTA
  • Identification of emission allowance price drivers and market monitoring
  • Ad hoc announcements on relevant events, political developments and legislative changes
  • Regular status and strategy meetings to strengthen decision-making capacity

If you have any further questions, please donot hesitate to contact us.