nEHS-DCP Membership

The German Federal Environment Agency has entrusted the European Energy Exchange AG (EEX) with the mandate to carry out auctions for emission allowances under the national Emission Trading Scheme (nEHS) beginning in 2026. In parallel, EEX will maintain its role in selling nEHS certificates during the fixed-price-phase (2021 to 2025), including the repurchase of certificates maturing in 2025 through September 2026.

To facilitate direct participation in the nEHS purchases, EEX and ECC have introduced a dedicated membership type: nEHS-DCP. Additional access options for the nEHS market can be found  here.

Please note: The nEHS-DCP membership grants access exclusively to the sale of certificates at a fixed price. Participation in nEHS auctions is not permitted under this membership type. For a comprehensive overview of how to participate in the nEHS auction, please visit the EEX website.

Admission Requirements

To qualify for nEHS-DCP membership, 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 second business day following the sale date (note: exceptions may apply for the final sale date in December). 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 one business day after each scheduled sale. 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.