The European Energy Exchange (EEX) has completed a contract agreement with the Hungarian Ministry of National Development for the auctioning of EU Allowances (EUA) for the second trading period of the EU ETS.

The auction volume amounts to 2.5 million EUAs and is to be auctioned on the EEX Spot Market in two tranches of 1.25 million EUAs each.

The auctions will take place on 10 December and 17 December 2012 with the bidding window open from 1pm to 3 pm CET.

The Hungarian Ministry of National Development – which has recently been admitted as auctioneer for Phase III auctions on EEX as the common transitional platform – will also assume the role as auctioneer for the monetization of EUAs of Phase II.

Together, EEX and Eurex offer their participants a platform for trading in CO2 emission allowances. In the framework of this cooperation, which was launched in December 2007, Eurex participants can trade the CO2 emission products listed on EEX and take part in auctions through their existing infrastructure and a simplified admission process.