EEX awarded contract for sales in national emissions trading (nEHS)

The energy exchange EEX (European Energy Exchange AG) was awarded the contract for the sale of emission allowances in national emissions trading (nEHS) for fuels in Leipzig on 15 March. During the entire fixed price phase (up to and including 2025), the mandate of EEX comprises the sale of emission allowances. The first sale date is scheduled for October 2021 and preparations to hold the sale are in the starting blocks. Admission for sale on the EEX is expected to be possible from September 2021.

At least two dates per week, between October and December 2021, are scheduled for the purchase of emission allowances for the year 2021. For this purpose, EEX will publish a calendar containing all sales dates for the current year at least six weeks before the start of sales. During these individual sales appointments, it is then possible to place and transmit buy orders within a time window of at least 6 hours. A limit on the quantity of emission certificates is not envisaged for this purpose.

The transaction fee per emission allowance amounts to € 0.0049 or € 0.0058 including VAT.

As an inverter or other person entitled to admission pursuant to the SESTA, you can submit an application for admission to EEX as of September 2021. EEX will communicate the respective admission conditions at an early stage and publish them on the relevant website.

Source: DEHSt

Author: Sina Barragan, 31.03.2021

We will be pleased to carry out the following activitiesfor youin 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 pursuant to § 7 para. 1, 2 SESTA
• Preparation and support of the verification of the emission report according to § 7 para. 3 SESTA
• Transmission of the verified emissions report to the competent authority (DEHSt) by 31.07 of the following year in accordance with §7 Para. 1 SESTA
• Verification of the avoidance of double charging in accordance with §7 Para. 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