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EU Sells Carbon Permits at 5.36 Euros a Ton in EEX Auction

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Jan. 17 (Bloomberg) -- The European Union sold spot carbon permits for 2013 through 2020 at 5.36 euros ($7.16) a metric ton, according to data from the European Energy Exchange AG, which hosted the sale.

Spot permits for the third phase of the bloc’s emissions-trading system were bid at 5.43 euros and offered at 5.51 euros at 9:55 a.m. on London’s ICE Futures Europe exchange, the last prices before the sale ended. The differential between the midpoint of the bid-offer and the auction price was 11 euro cents, the most since Nov. 16.

The exchange received bids totaling 8.2 million tons for the 3.5 million permits it sold. The so-called bid ratio, which measures demand in the auction against supply, was 2.32, an increase of 2.7 percent from yesterday.

To contact the reporter on this story: Alessandro Vitelli in London at avitelli1@bloomberg.net

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

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