European Union Allowances (EUA) Futures
- reliable trading and clearing of EUA emission derivatives
exploreManage the price risk of carbon emission allowances using EUA futures.
About EUAs
A European Union Allowance (EUA) is the official name for Europe’s emission allowances, which in 2008 was defined as the official Kyoto allowance for countries in the EU. One EUA entitles the holder to emit one ton of carbon dioxide or carbon-equivalent greenhouse gas. The EU member states issue new EUAs on February 28 every year to each company subjected to the EU’s emission trading scheme. These awards follow the allocation plan approved by the European Commission and are based on the Kyoto protocol’s obligations. EUAs are awarded for one year at a time. By April 30, companies are obliged to surrender (“pay”) the number of EUAs corresponding to their actual emissions in the preceding year. EUAs can also be saved from one year to another if a company releases less carbon dioxide than the EUAs it holds.
We are currently in the EU ETS phase 4 which will cover the period from 2021 to 2030:
https://ec.europa.eu/clima/policies/ets_en
EUA Products
Use EUA futures to mitigate price risks of EUA.
- Day Future contract
- Quarterly Future contracts for 2021-2027 (rolling 6 years)
- Pre-delivery option for EUA net sellers to fulfill collateral requirements
EUA Futures are traded in EUR, with a minimum ticker size of 0.01, in trade lots of 1 000 EUAs, using 1 EUA (for 1 metric ton of CO2) as the contract base.
Today's trading and market prices >
Trading and Clearing of EUA Futures
Nasdaq Commodities offers a transparent and regulated marketplace for EUA Futures. As a member, you can place your orders through the Genium INET Workstation, our user-friendly and reliable trading system. Alternatively, we have partnered with a number of Independent Software Vendors that offer conformance tested trading applications that connect to our exchange.
- Continuous trading in the electronic trading system from 08.00 to 18.00 CET (07:00-17:00 UKLT)
- Trading and clearing of block trades from 07:45 until 18:15 CET (06:45-17:15 UKLT)
- Tradable on Norwegian Bank Days
All trades are cleared by Nasdaq Clearing to eliminate counterpart credit risk.
Market Activity and News
See Today's trading data and history, and find news and messages by European Commodities.
Market Activity and NewsBenefits with EUA Futures & Options
Manage price risks efficiently
EUA Futures and Options are excellent tools for controlling the price risks of carbon emission allowances trading.
Easy access though existing connectivity
Place orders through your existing Nasdaq Commodities trading system. No extra software or login is needed.
CCP clearing removes counterparty credit risk
All trades are settled by Nasdaq Clearing to remove counterparty credit risk.
Resource Center
-
Holiday Calendar Download Holiday Calendar
-
Genium INET Market Model - Commodities - version 4.9 - 12 January 2022 Download Genium INET Market Model - Commodities - version 4.9 - 12 January 2022
-
Joint Appendix 3 - Trading and Clearing Schedule (joint Clearing and Trading Rules) Download Joint Appendix 3 - Trading and Clearing Schedule (joint Clearing and Trading Rules)
-
Joint Appendix 2 - Contract Specifications (joint Clearing and Trading Rules) Download Joint Appendix 2 - Contract Specifications (joint Clearing and Trading Rules)
-
Vendor Codes, German and Nordic Power (XLS) Download Vendor Codes, German and Nordic Power (XLS)
-
Product Calendar Download Product Calendar
-
Product Calendar for Clearing Only Download Product Calendar for Clearing Only
Related Products
-
Key Features
- Manage power price risks efficiently
- Excellent liquidity
- Capable trading system & Low latency
-
Electricity CertificatesKey Features
Electricity Certificates
- reliable trading, clearing and delivery of electricity certificates- Transparency and reliability
- Easy access and flexible membership
- CCP clearing removes counterparty credit risk