Raised offer at emission unit auctions could bring in €15 mln
Hungary will offer a combined 5.17 emission unit allowances (EUA) instead of the earlier announced 3.46 million at two auctions on the European Energy Exchange (EEX) next week, EEX said on Friday. Hungary can raise about €15 million through the auctions, based on the secondary market price which recently dropped to about €3 per EUA. The Leipzig-based EEX said Hungary's National Development Ministry instructed it to increase the offers. The sales will be from the quotas effective between 2008 and 2012, which have to be sold by the end of April. The auctions, taking place on April 23 and on April 25, will be the first emission unit sales by Hungary this year. Last year it sold a total of 2.5 million EUAs at two auctions, raising about €16.2 million.
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