GERMANY: EEX Publishes 2021 Sell – Off Calendar for NEHS

Thursday August 26 2021

On 24^th August 2021, the European Energy Exchange (EEX) published the prospective 2021 schedule for sell-offs for the national Emissions Trading System (“nEHS”) in coordination with the German Federal Environment Agency. With the introduction of the nEHS at the beginning of 2021 a CO2 price for the heat and transport sectors is set at a national level for the first time. 

The first sell-off session of the nEHS is expected to take place on 5^th October 2021. The sessions will be held twice a week throughout the year, Tuesdays and Thursdays, for six hours each from 9:30 am until 3:30 pm CET. The last sell-off session in 2021 will presumably take place on 7^th December 2021. 

Within the nEHS, a fixed-price phase is initially planned until 2025, during which the nEHS certificates will be issued at a legally fixed and annually increasing price. Up to and including 2025, the sale of such certificates will take place via EEX at fixed prices and move into an auction process from 2026 onwards. During the fixed price phase, the number of available nEHS certificates will be unlimited. Further details are provided in the published sell-off calendar. 

All fuels covered by the German Energy Tax Act will be included in nEHS. These include gasoline, diesel, heating oil, liquefied petroleum gas, natural gas and, from 2023, coal, among others. The obligated parties under the nEHS are those companies and organisations which place fuels on the market, for example natural gas suppliers or companies in the mineral oil industry. The direct admission for these obligated parties under the nEHS is possible since 9th August 2021 under https://www.nehs-zulassung.com/Identity/Account/Login?ReturnUrl=%2F. Indirect access to the sell-off is offered via several intermediaries that are listed on the nEHS website. 

Click on the above link for further information.