Auction

If a market participant has not concluded a pre-trading agreement on the transfer of biofuel, biomethane, or renewable electricity transport sector quota certificates on the biomethane registry and the transport sector quota certificates trading platform (hereinafter “trading platform”) by the end of the calendar month, this can be done via auction. Through an auction, liquid biofuel, biomethane, and renewable electricityquota certificates can be sold by a person who owns the corresponding quota certificates.

For the sale of biofuel, biomethane, hydrogen or electricity transport sector quota certificates via auction, the seller sets a minimum price, a minimum increment, and the bidding deadline for the quota certificates. The deadline must be at least three calendar days, specified to the exact time. The seller may also set other auction conditions in the sales offer. When an auction is initiated, the trading platform system reserves the quantities of quota certificates submitted for the auction in the seller’s account overview. An auction cannot be cancelled.

Transport statistics can be acquired from a supplier with the obligations referred to in § 21 (1) and (9) of the Liquid Fuel Act (VKS). A trader and/or charging operator may submit a bid for biomethane, renewable electricity, and renewable energy at an auction only if they have an active, unfulfilled pre-trading agreement of the relevant quota certificates type in their account.

At the moment of placing a bid in an auction, the bidder may submit their highest bid and select where the won transport sector quota certificates will be directed if successful after confirmation by the seller—either the quota certificates purchased at auction are automatically reported in the fuel handling database under the winner’s account, or the won quota certificates remain in the trading platform account to be used for fulfilling an existing pre-trading agreement.

The auction ends at the deadline and time specified by the seller, provided that no new bids are received within 15 minutes prior to the specified time. If a new bid is received within the 15 minutes before the deadline, the auction end time is extended by 15 minutes. This 15-minute extension continues each time a new bid is received; if no new bid is received, the auction ends within 15 minutes.

Once the auction has ended, the trading platform system notifies the seller and the auction winner. The seller has the right to confirm the auction result within 7 calendar days, after which the quota certificates are directed to the selected destination according to the winner’s choice. If the seller does not confirm the auction result, it is released back to the seller’s trading platform account.

Detailed instructions for submitting transport statistics to an auction, placing bids, and concluding the auction are included in the guide “Guide to trading transport sector quota certificates via auction”.

Manuals