Host platform European Energy Exchange (EEX) will auction 293mn allowances issued under the new EU emissions trading system covering road transport and housing fuels (ETS 2) in 2027, according to the scheme's calendar published on 30 September.
Auctions are scheduled to take place every Monday, Tuesday and Thursday from 13:00 to 15:00 CE(S)T, running 18 January-20 December 2027.
EEX will auction about 5.53mn allowances per sale during the first two weeks on 18-28 January. This will fall to around 3.69mn permits per sale in the following two weeks, over 1-11 February. From then onwards, each sale will offer about 1.84mn permits, except for the final auction on 20 December, which will offer 1.95mn allowances.
No auctions will be held on 6 and 17 May because of public holidays in Europe.
The European Commission plans to update the auction calendar regularly to reflect countries that have not yet transposed EU ETS 2 rules into national law. These countries cannot sell volumes in the early auctions until they have fully transposed the rules, but firms from these countries with obligations under the scheme can still participate in the sales.
Only 13 member states have transposed the rules so far, the calendar shows.
The EU ETS 2 is now expected to be fully operational in early 2028, following a one-year delay as part of broader negotiations on revisions to the European Climate Law. Market participants have awaited the calendar as a signal to begin activity in the secondary market, amid concerns over further possible delays.
The ETS 2 will impose a carbon price on road transport and housing fuels —including natural gas, LPG, petrol, diesel and coal — as well as on small industrial emitters not covered by the existing ETS. The system will apply upstream to fuel suppliers and aims to cut emissions from the covered sectors by 42pc by 2030 compared with 2005 levels.
Companies must surrender their first batch of allowances by 31 May 2029 to cover their 2028 emissions.
