Primary Participants
Latest news
- June 2009: The Government held its third successful auction in the EU ETS on Thursday 4th June. 4.2 million allowances were distributed at a clearing price of €13.83. (£11.99). The auction results are published on the UK Debt Management Office’s website.
- March 2009: The Government distributed approximately 4 million allowances at a clearing price of €10.98 (£10.12) on Tuesday 24th March. The auction results are published on the UK Debt Management Office’s website.
- February 2009: The Government will auction 4 million allowances in its second auction in Phase II of the EU ETS, on Tuesday 24th March 2009. The Government has also published an auction schedule with dates and volumes for future auctions, up to April 2010. The full schedule is available on the UK Debt Management Office’s website.
- January 2009: The next auction in Phase II of the EU ETS will be held on Tuesday 24th March 2009 and will comprise a competitive bidding facility only. The Primary Participant application window has now been reopened and is expected to remain open for the remainder of the Phase.
- November 2008: UK Government has held the first UK auction in the EU ETS, distributing approximately four million allowances. Barclays Capital, BNP Paribas, JP Morgan and Morgan Stanley acted as Primary Participants and placed bids directly in the auction. The auction results are published on the DMO website.
- October 2008: Guidance for indirect bidders on how to bid in an auction through a Primary Participant is available online
In order to place a competitive bid in a UK auction in EU ETS, participants will be required to submit their bids through an intermediary known as a Primary Participant. The details of the role of Primary Participants are set out in the Scheme, but essentially the role will involve collecting and submitting bids on behalf of participants who wish to acquire allowances at auction (known as indirect bidders).
Primary Participants will be able to submit bids on their own behalf, as well as on behalf of indirect bidders. Once appointed, Primary Participants must abide by the “Terms” set out in the Scheme (PDF).
These include accepting instructions to act on behalf of any organisation with an EU Registry account, subject to anti-money laundering and terrorist financing checks and their own objective checks on the indirect bidders’ ability to pay for allowances.
Applications
Any organisation with an EU ETS Registry account and an office base in a EEA state can apply. The Primary Participant application window is currently open and is expected to remain open for the remainder of Phase II.
If you would like to apply to become a Primary Participant please e-mail DECC to request an application form at: eu.ets@decc.gsi.gov.uk. Please label the e-mail ‘Request for Primary Participant Application form’ in the subject box.
- A read only copy of the application form (PDF 230 KB)
Once the request for an application form has been received by DECC, a confirmation email will be sent to you with the application form attached in interactive PDF format. A completed signed copy of the form and supporting documentation needs to be returned by post to :
DECC, EU ETS auctions,
Area 1A
3-8 Whitehall Place
London, SW1A 2HD
Please refer to the accompanying Guidance Note to Applicants (PDF 280 KB) when completing your application form.
Applications will be assessed in accordance with the eligibility criteria set out in the Scheme. DECC will endeavor to process the applications as soon as possible however the approval process may take up to one month. Organisations considering applying to be Primary Participants should therefore ensure that their application is submitted with sufficient time for the application to be processed to before an auction.
DECC will notify applicants of its decision and details of successful applicants will be published on DMO’s website within five working days of the decision notification. Information published will include contact details of appointed Primary Participants so indirect bidders can select a Primary Participant to place bids on their behalf in an auction.
If you have any queries on the Primary Participant application process please contact the EU ETS auctioning team at eu.ets@decc.gsi.gov.uk.
Page last modified: 4 June 2009
Page published: 8 September 2003