EU Carbon Supply May Peak in July Before Summer Holidays

European Union carbon supply may peak in July, before nations cut back sales during August, according to data from European Energy Exchange AG and ICE Futures Europe. Weekly supply may peak in the week ending Jan. 18.

Monthly sales in July will be 73.4 million metric tons, increasing from 62.7 million tons this month, according to analysis of data on the websites of the exchanges handling sales on behalf of EU members and the U.K. respectively. The average this year will be 60.7 million tons a month.

Supply of allowances sold at auctions will rise to 14.7 million tons next week and to 18.8 million tons the following five working days, a record-high for the year, according to the data. No allowances are to be sold this week.

The planned volumes may be reduced if the European Union agrees a proposal to hold back 900 million tons of permits from 2013 through 2015. Discussions over the plan are scheduled to resume this month.


Monthly EU Carbon Allowance Sales (Metric Tons)

Month     Volume
Jan.      62,654,000
Feb.      65,547,000
March     64,592,500
April     66,923,500
May       63,689,000
June      62,880,000
July      73,436,000
Aug.      31,871,500
Sept.     66,091,000
Oct.      66,091,000
Nov.      66,900,000
Dec.      37,994,500

Average   60,721,875
Total    728,662,500

To contact the reporters on this story: Alessandro Vitelli in London at avitelli1@bloomberg.net; Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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