The total auction volume for the national emissions trading system (nEHS) for the year 2026 amounts to 192,085,240 national emission certificates (nEZ). The total auction volume is calculated as the annual emissions cap for 2026, plus the 2026 increment amount, minus the additional demand for the years 2021 to 2025 (paragraph 11(1) Fuel Emissions Trading Regulation (BEHV)).

The cap for the year 2026 is based on the revised emission allocations for Germany pursuant to the EU Effort Sharing Regulation (Regulation (EU) 2018/842) and Implementing Decision (EU) 2020/2126. The adjustments to the emission allocations for the years 2026 to 2030 published in the Official Journal of the European Union on 27th April 2026 (Implementing Decision (EU) 2026/895) shall apply instead of the emission cap pursuant to paragraph 44(2) BEHV. To avoid subsequent corrections, these adjustments as of 27th April 2026 have already been taken into account for the calculation of the 2026 total auction volume, even though a corresponding amendment to the BEHV is still pending.

Based on this, EEX will immediately update the auction volumes for each date in the 2026 auction and sale calendar. Auctions for nEZ with vintage 2026 within a price corridor (€55 to €65) will take place once a week (on Wednesdays) at the EEX for two hours each time from 1 pm to 3 pm. The first auction date in 2026 will be on 01/07.