European Allowances (EUA) are emission allowances for approximately 13,000 European facilities, mandated to participate in the compliance market of the European Emissions Trading Scheme (EU ETS).
EUAs account for one tonne of CO2 emissions or the equivalent amount of other greenhouse gases.
In the current, third trading period (2013–2020) facility operators are being allotted a portion of free permits; with a few exceptions the free allocation will be reduced from 80% in 2013 to 30% in 2020. The total number of existing permits will be reduced linearly, every year, by 1.74%.
Facility operators who do not own sufficient permits, must purchase the difference — either on the EU or national auctions or on the secondary market.
Each year, the emissions of facility operators are audited, after which they have up to the end of April to surrender the entire number of permits covering emissions for the previous year. In the event that the emission permits are not surrendered, facility operators face a penalty of 100EUR/tonne.
Advantag offers inexpensive, fast and safe access to the auctions of the European Union at European Energy Exchange (EEX) in Leipzig or to the Exchanges and OTC markets.
Advantag is a direct member (Non-Clearing Member) of several Energy – and Environmental Exchanges and has a vast network of clients and counterparts. As a result, we are able to buy or sell large volumes with expedicious clearing and settlement.