Auctioning

Auctioning 

In Phase 3 (2013-2020) of the EU Emission Trading Scheme (EU ETS), auctioning is progressively replacing free allocation as the main method for allocating allowances to all EU ETS sectors.  The European Energy Exchange (EEX)  in Leipzig, Germany has been awarded the role as transitional common auction platform to auction allowances on behalf of 24 Member States including Ireland. In these capacities, EEX holds three auctions per week for the 24 EU Member States. 

Useful information on the auctioning process, including the auction calendar and eligibility to bid is available on the EEX website. Specific queries on the auction process should be directed to EEX via the contact details provided on their website.   

The auctioning of allowances is governed by the EU ETS Auctioning Regulation (Commission Regulation (EU) No 1031/2010 as amended). This covers the timing, administration and other aspects of auctioning to ensure it is conducted in an open, transparent, harmonised and non-discriminatory manner.

All Member States have appointed an auctioneer, who is responsible for offering the allowances to be auctioned to the auction platform on behalf of the appointing Member State. The EPA was appointed as auctioneer under the European Communities (Greenhouse Gas Emissions Trading) (Amendment) Regulations 2011 (SI 127 2011).