Organisations can now apply to become Primary Participants in the UK’s auctions for Phase II of the EU Emissions Trading Scheme. Primary Participants can bid directly for allowances and will act as intermediaries in the competitive element of the auctions, collecting and submitting bids on behalf of indirect bidders who wish to take part in the auction.

Any organisation with an EU ETS registry account can apply to become a Primary Participant, providing their organisation can fulfil the eligibility criteria. Anyone who holds an EU ETS registry account can then bid for carbon allowances in an auction through the Primary Participants.

This application process follows the Community Emissions Trading Scheme ( Allocation of Allowances ) Scheme auctioning framework, published on 29 July which sets out the terms governing the appointment of Primary Participants and eligibility criteria for the role.

Details of how to apply to become a Primary Participant are on the Defra website at: www.defra.gov.uk/environment/climatechange/trading/eu/operators/primaryParticipants.htm

Posted: 08|19|08 at 5:02 pm. Filed under: UK News.