The European Energy Exchange (EEX) and ICE Futures Europe (ICE) published today the revised 2020 auction calendars in view of the implementation of the Market Stability Reserve. The EEX auctions in its capacity of common auction platform will include, as from 16 July, the volumes of allowances for the Innovation Fund.
Auction volumes in the previously published 2020 auction calendar reflected the operation of the Market Stability Reserve (MSR) in the period from 1 January 2020 to 31 August 2020. Following the publication by the Commission on 8 May 2020 of the total number of allowances in circulation in 2019, auction volumes from 1 September 2020 until 31 December 2020 are now reduced by 110 839 500 allowances, which are placed in the MSR.
The volumes to be auctioned by EEX in its capacity of common auction platform in 2020 include 50 million allowances for the Innovation Fund that are to be auctioned in 2020 in line with the ETS Directive. The monetisation of these allowances is foreseen to start on 16 July as the necessary arrangements are now in place. The auction calendar includes an even distribution of the 50 million allowances for the Innovation Fund through the remaining auctions in 2020.