There is much interest in the timing for the upcoming sale of EUAs to help finance Europe’s transition away from Russian fossil fuels. The latest signals from the European Commission suggest that the REPowerEU sale will start in July 2023, with volumes frontloaded from the member states’ auction reserves, totalling 16.5 million allowances. Bringing forth the remaining volumes, sourced from the Innovation Fund, will require some legal preparation, but that also might be concluded within roughly the same timeframe. This could imply an add-on to 2023 auctions of up to 25 million allowances.
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
