nEHS-DCP Membership

EEX has been mandated to facilitate the auction and sale of nEHS certificates (nEZ) on behalf of the Federal Republic of Germany from 2026 onwards. EEX will continue to sell the nEZ during the fixed price phase (2021 to 2025), including post-purchases of nEZ 2025, until the end of September 2026. Clearing of the auctions and sales of nEHS certificates will be conducted by ECC. Further information on the nEHS can be found on the respective EEX webpage here.

The following contains additional information on nEHS-DCP members, a dedicated membership type introduced by EEX and ECC to facilitate direct participation in the sales of nEZ.  

The nEHS-DCP membership grants access exclusively to the sale of certificates at a fixed price outside of the regulated market of EEX. Participation in nEHS auctions is not permitted under this membership type. For a comprehensive overview of how to participate in the nEHS auction as well as other access options to the sale of nEZ, please visit the EEX website. 

Admission Requirements

To qualify for nEHS-DCP membership to participate in the sale of nEHS certificates, applicants must meet the following criteria:

• Minimum liable equity of EUR 25,000
• Active nEHS registry account with the German Emissions Trading Authority (DEHSt)

Applications are submitted via the designated portal. No separate admission forms are required.

Payment Process

During the admission process, nEHS-DCP participants must designate a bank account for payment of certificate purchases. Transfers from any account other than the one specified during admission will be rejected and will not be considered valid for fulfilling payment obligations.

Please ensure that any transfer limits are clarified with your bank in advance.

Payments must be received by ECC no later than 11:00 a.m. CET on the day of the respective next but one sales date. For the last sales date in a calendar year, this deadline may deviate as determined by ECC.. Certificates will be delivered no later than the second business day after payment receipt. If this date falls on a T2 holiday, the deadline will be postponed to the next ECC business day. 

Delivery of nEHS Certificates

Sales of nEHS certificates are conducted according to a calendar published by the German Federal Environment Agency (UBA). Certificates are delivered within the UBA registry no later than the second business day after payment receipt. If this date falls on a T2 holiday, the deadline will be postponed to the next ECC business day. Further details are available here. 

Trading Limit

There is no predefined trading limit for nEHS-DCP participants. However, certificate delivery will only occur once payment has been successfully received.