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Four states submit free EUA allocation request for utilities

14 Mar 2014 15:12:17 | edcm

Four nations have handed in requests for utilities in their countries to receive free emissions allowances, the European Commission confirmed on Thursday. Whether the eligible companies in these countries will get their allowances in time for the compliance deadline is still not a certainty.

Bulgaria, Cyprus, Estonia and Poland, in the last six weeks, submitted requests for a combined total of 99.2m free EUAs.

However, it normally takes a couple of weeks for the EU to approve the permit requests and the 2013 compliance deadline of 30 April is fast approaching.

Utilities in Poland have previously expressed concern that they will not receive their free allowances in time and some could head to the market to buy carbon permits just in case ( see EDCM 5 March 2014 ).

Although power installations in many countries no longer receive any free allowances under EU emissions trading system rules, some states – mainly in Eastern Europe – are still entitled to 150m EUAs without having to pay. This is to encourage the eight states modernise to their power facilities.

So far, only Czech and Hungarian utilities have received their free allocation. Lithuania and Romania have not yet sent their requests to the commission. Ben Lee

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