Climex’ 3rd Austrian Auction closed at € 12.78

Press Release, for immediate release from Climex and the Bundesministerium für Land- und Forstwirtschaft, Umwelt und Wasserwirtschaft (BMLFUW), Austria: "Climex’ 3rd Austrian Auction closed at € 12.78, no interest in non competitive auction"

In accordance with the Decree issued by the Austrian Government in January 2009, the 3rd Austrian Auction took place today offering 300,000 EUAs in a Competitive, as well as a Non-Competitive Auction. The full volume of the Competitive Auction – 200,000 EUAs – were sold at a selling price of €12.78. There was no interest in the 100,000 EUAs offered at the Non-Competitive Auction.
In compliance with the Austrian Allocation Plan, the auction was a joint effort of the National Ministry of Agriculture, Forestry, Environment and Water (BMLFUW), responsible for the sale of Austrian EUAs, and the Austrian Energy Consumer Association (ÖEKV). The auction was assigned to Climex for the third time by the BMLFUW.

Although the NCA has been accessible for all entities who have an account in any of the EU Member States with an Emissions Trading Registry and a contract structure especially kept simple for small companies, no bids were placed at the NCA.

The opposite was the case for the CA. With view to the upcoming EU ETS Phase III and further EUA allocations, the 3rd Austrian Auction attracted increased interest these past months and Climex had been invited to give several Demo Workshops in Europe to prepare companies for the future allocation method. In addition, four companies joined Climex recently to join in the 3rd Austrian Auction, resulting in active participation of 13 bidders. The range of participants was again varied, with small industry, energy suppliers as well as banks and brokers.
The auction was 4.2 times overbid. The bidders placed a total of 43 bids during the CA resulting in the clearing price of €12.78. The total volume of 200,000 EUA was sold in 10 transactions.

The Climex Spot Platform was closed during the morning and reopened at 12.30 in the afternoon in order to give members the opportunity to trade their newly acquired EUAs.