DECC has announced that it has selected London-based ICE Futures Europe as its preferred supplier to conduct auctions of Phase III and aviation EU ETS (Emissions Trading Scheme) allowances on behalf of the UK Government.
Subject to successful completion of the European Commission notification and listing process the auctioning of the UK’s phase III and aviation auctions allowances will start in November.
Greg Barker, Minister of State, said
“This announcement is an important step towards ensuring that we can start auctioning phase III and aviation allowances on time. The bid put forward by ICE Futures Europe will help to ensure value for money and the continued success of UK carbon auctioning into phase III; I look forward to working with ICE Futures Europe over the coming months."
The contract will be to run the UK’s definitive EU ETS auction platform. It will be awarded for three years, extendable by a further two. It is expected that the contract will be formally awarded shortly.