i was out yesterday...anyone seen these orders? ;) my way please
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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
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EU Emissions Rights Pare Losses After Dutch Cancel Auction
2010-10-14 16:32:12.406 GMT
By Catherine Airlie
Oct. 14 (Bloomberg) -- European Union carbon-dioxide
allowances for December pared losses after the Netherlands
canceled an auction on the Climex exchange.
EU allowances for December were down 8 cents at 15.55 euros
($21.87) a metric ton as of 5:05 p.m. on London's European
Climate Exchange. They earlier traded as low as 15.46 euros.
Contracts for delivery tomorrow fell 0.3 percent to 15.55
euros a ton. The Dutch government had planned to sell 2 million
permits today via Utrecht, Netherlands-based Climex. The auction
result was due at 10:15 a.m. London time. The sale was canceled
because traders' orders were visible, in violation of the rules
for the "blind auction."
"Information on orders in the Auction Book was available
in the market," Climex said in an e-mail. "Further information
on when the 2 million EUAs will be auctioned will be provided at
a later stage."
For Related News and Information:
Top Power Stories: PTOP <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: John Buckley, Randall Hackley
To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss on +44-20-7073-3520 or
sev@bloomberg.net
