Emissions Trading / Carbon Market News (2018-03-19)

Dear Sir or Madam,

The dream of a largely self-sufficient home is becoming reality for more and more homeowners in Germany or for many in plannable proximity, because in Germany, the number of private or commercial solar energy storage increases significantly. In 2017, around 30,000 new solar energy storage units were added; currently about 85,000 units are in operation.

According to the German Energy Storage Association (BVES), these have now reached a total storage capacity of 700 megawatts, which corresponds to almost 10% of the German electricity storage capacity (7,370 megawatts). These are currently still largely based (6,360 megawatts) on pumped storage plants. As a precautionary measure, approximately 6,000,000 German citizens could use the solar energy storage systems to buffer their annual electricity requirements.

Some of these storage batteries come from electric cars, which are taken after a reduction in storage capacity to about 75% and now have a “second life”.

Ultimately, this poses a growing challenge to the energy industry, as it must ensure grid stability and compensate for the loss of private and commercial customer revenues.

The market for European CO2 emission allowances saw a new seven-year high at EUR 11.50 per EUA last week, before prices fell as a result of profit taking, but closed well above the EUR 11 mark at the end of the trading week,

With the significant bullish trend now lasting a quarter of a year, it would not be surprising if profit taking could trigger a correction. On the other hand, not all companies have yet met their need for allowances before the end of the current submission deadline on April 30, 2018, so it remains to be seen when consolidation could take place.

The development of the demand for the auctions this week could therefore be very interesting.


(Average Quotes Exchange / OTC)
Instrument 2018-03-16 2018-03-09 Change
EUA (Spotmarket) 11.15 EUR 11.05 EUR +0.10 EUR
EUA (December-2018-Future) 11.17 EUR 11.12 EUR +0.05 EUR
CER (Spotmarket) 0.19 EUR 0.19 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 66.13 USD 65.25 USD +0.88 USD
EURO (Currency, Forex) 1.2289 USD 1.2306 USD -0.0017 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.


With kind regards,


Advantag Services GmbH