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Poland will auction early phase III volumes on EU platform

17 Sep 2012 17:36:43 | edcm

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Poland will conduct its first carbon auctions for phase III of the EU emissions trading system (ETS) on the common EU auction platform, the country's environment ministry has confirmed.

The decision means early phase III auction volumes will be overwhelmingly concentrated on the European Energy Exchange (EEX).

The German bourse won the tender to host the EU's transitional common auction platform, where 250m carbon allowances will be sold beginning later this year (see EDCM 10 September 2012). A permanent EU platform will be selected at a later date.

In the meantime, EEX will also host early phase III auctions for the EU's most-emitting country, Germany (see EDCM 29 February 2012).

Poland still plans to set up its own permanent auction platform for phase III, which runs from 2013-2020, but has not yet launched the tender for its platform.

"At the moment, the Polish legislation process regarding our own platform is in progress. The tender for the permanent platform will be launched as soon as the legislative process is over. We estimate that it takes about three months since the start of the tender to the selection of the winner," a spokeswoman for the environment ministry said.

"Until [the] Polish platform is in place we will conduct auctions of emission allowances on the EU platform. There will be no transitional platform," she said.

Registry upgrades

The auctioning of phase III (2013-2020) emissions trading system carbon allowances and of aviation allowances will be enabled on 2 October when new features of the EU's carbon registry are enabled, the Commission said on Monday.

The new features will also prevent the transfer of allowances from a holding account to an account that is not on a participant's trusted account list, the Commission said.

However, a new account type - trading accounts - will also come on line, allowing transfer of allowances to trusted accounts without the 26-hour delay to which holding account transfers are subject.

The roll-out of the new functions will see the union registry shut from Friday 28 September at 18:00 central European time until Tuesday 2 October at 08:00.

Spot trading is not possible when the registry is closed. VF

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