Information related to the nEHS Sales calendar for 2025:
In coordination with the Federal Ministry for Economic Affairs and Climate Action (BMWK), the German Emissions Trading Authority (DEHSt) has decided on a later start of the sale of nEHS certificates by EEX in 2025. Accordingly, sales of nEHS certificates will begin in the second quarter of next year. The nEHS sales calendar 2025 will be published at least six weeks prior to the first nEHS sales date next year. Further information on this topic can be found in the corresponding DEHSt newsletter (available in German only).
Intermediaries
We are pleased to announce that currently, 35 companies have agreed to provide market access for the purchase of national emissions certificates (nEZ) as intermediaries, thereby supporting the supply of nEZ for all obligated companies.
Intermediaries for nEHS*
ACT Financial Solutions B.V.
For further information, please see below the detailed intermediary list.
Advantag GmbH
For further information, please see below the detailed intermediary list.
AGRAVIS Raiffeisen AG
For further information, please see below the detailed intermediary list.
badenova Energie GmbH
For further information, please see below the detailed intermediary list.
BayernLB
For further information, please see below the detailed intermediary list.
BKW Energie AG
For further information, please see below the detailed intermediary list.
CELSIUS Climate Solutions GmbH
For further information, please see below the detailed intermediary list.
CFP Commodities Ltd
For further information, please see below the detailed intermediary list.
DeESA GmbH
For further information, please see below the detailed intermediary list.
EEG Energie- Einkaufs- und Service GmbH
For further information, please see below the detailed intermediary list.
Emissionshändler.com
For further information, please see below the detailed intermediary list.
Emissionshandelsgesellschaft Michael Pohlmann GmbH & Co. KG
For further information, please see below the detailed intermediary list.
To the website of Emissionshandelsgesellschaft Michael Pohlmann GmbH & Co. KG
Energie Quader GmbH
For further information, please see below the detailed intermediary list.
envia Mitteldeutsche Energie AG
Further information are available here (link to the Download section).
E.ON Energie Deutschland GmbH
For further information, please see below the detailed intermediary list.
E.ON Energy Markets GmbH
For further information, please see below the detailed intermediary list.
E.ON Portfolio Solutions GmbH
For further information, please see below the detailed intermediary list.
espot GmbH
For further information, please see below the detailed intermediary list.
EWE TRADING GmbH
For further information, please see below the detailed intermediary list.
FutureCamp Climate GmbH
For further information, please see below the detailed intermediary list.
KES Kommunale Energiedienstleistungsgesellschaft Südsachsen mbH
For further information, please see below the detailed intermediary list.
KlimaInvest Green Concepts GmbH
For further information, please see below the detailed intermediary list.
Marex Financial Limited
For further information, please see below the detailed intermediary list.
NetzWerkStadt GmbH & Co. KG
For further information, please see below the detailed intermediary list.
optimization engineers GmbH
For further information, please see below the detailed intermediary list.
Pfalzwerke Aktiengesellschaft
For further information, please see below the detailed intermediary list.
Quantum GmbH
For further information, please see below the detailed intermediary list.
rEVUlution GmbH
For further information, please see below the detailed intermediary list.
RWE Supply & Trading GmbH
For further information, please see below the detailed intermediary list.
Sachsen Energie AG
For further information, please see below the detailed intermediary list.
Südwestdeutsche Stromhandels GmbH
For further information, please see below the detailed intermediary list.
Syneco Trading GmbH
For further information, please see below the detailed intermediary list.
Trianel GmbH
For further information, please see below the detailed intermediary list.
Vattenfall Energy Trading GmbH
For further information, please see below the detailed intermediary list.
Vertis Environmental Finance Ltd.
For further information, please see below the detailed intermediary list.
VNG Handel & Vertrieb GmbH
For further information, please see below the detailed intermediary list.
*The list is constantly updated.
Download
Title | Type | Category | Publishing date | File |
---|---|---|---|---|
List of Intermediaries | Documents | nEHS market | 2024-11-12 | xlsx (33 KB) |
As an alternative to using one or more intermediaries, obligated companies can also apply for direct admission to EEX and ECC. Please understand that we cannot make any statement on the duration of the admission process at this point, as this depends on individual factors of the applying company and applications are processed in the order in which they are received.
For direct admission to EEX/ECC, the legislator imposes high requirements to protect the integrity of the market. This includes, for example, checks on the business model of the participants, traders and responsible persons for the purpose of preventing money laundering and fraud, among other things. These are requirements that are typically met by large trading companies, but also financial institutions, which therefore usually make up the majority of direct participants in a market.
In the overall view of essential criteria (lower one-off and annual administrative costs, fast market access, portfolio effects during post-purchase, additional services on the one hand, and lower fixed and variable fees as well as higher insolvency protection on the other), the use of an intermediary is advantageous for companies that only occasionally participate in the sales process or only have a low to medium demand for nEZ.
Admission
Sales
Supporting Climate Protection
Peter Reitz, Chief Executive Officer of EEX
"EEX has been active as an auctioning and trading platform at a European level for many years. We are very pleased on the news that EEX has been awarded this contract for the national Emissions Trading System (nEHS). This gives us the opportunity to support climate protection with our considerable experience and expertise in further sectors in which Germany is a pioneer."
On 15th March 2021, European Energy Exchange AG (EEX) was awarded the contract for the sales of fuel emission allowances in the national Emissions Trading Scheme (nEHS) by the German Federal Environment Agency. Fuel emissions trading has been in force in Germany since 1st January 2021. The instrument will set a CO2 price for the heat and transport sectors at a national level for the first time, as previously this has not been covered by the European Emissions Trading Scheme (EU ETS).
All CO2-emitting fuels placed on the market, in particular petrol, diesel, heating oil, liquefied petroleum gas, natural gas and coal, are included in the nEHS. The obligated parties under the nEHS are those who place fuels on the market, for example natural gas suppliers or companies in the mineral oil industry.
Find out more about the national Emissions Trading Scheme (nEHS)
Secondary Market
EEX currently does not offer an on-exchange secondary market for nEHS certificates during the fixed price phase. Through the bilateral, off-exchange secondary market it is in principle possible though to purchase or sell nEZ with the previous year’s vintage.
Some of the companies which act as intermediary and organize market access to purchase nEZ also offer the possibility to trade nEZ with the previous year’s vintage. These companies are labelled in the list of intermediaries which is published on this webpage.
In addition, q-bility, a strategic partner of EEX, offers the possibility to trade nEZ with the previous year’s vintage on their trading platform. Participants can enter “requests for quotations” to purchase or sell nEZ and hence receive quotations for potential prices. If both side agree on a deal on the platform, they would then enter a bilateral contractual agreement afterwards.