Provision of Auctioning Services for EU ETS Emissions Allowances to Enable Northern Ireland Protocol Compliance

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Business Energy and Industrial Strategy awarded a contract to European Energy Exchange AG (EEX) for the provision of auctioning services for EU Emissions Trading System (EU ETS) emissions allowances to enable compliance with the Northern Ireland Protocol (NIP).

The contract, valued at AUD 48,000, supports the UK's entitlement to an allocation of approximately 1 million allowances per year for auction under the EU ETS, recognizing emissions from relevant power generators in Northern Ireland that remain in the EU ETS under the Withdrawal Agreement and the Northern Ireland Protocol.

EEX, appointed by the European Commission to conduct EU ETS auctions, is required to allow states to use the arrangement without becoming a party to the contract, offering the same terms and conditions as the EU Contract unless derogations are necessary for specificities of auctioning for those states.