London, 26th May: The European Energy Exchange (EEX), in cooperation with IncubEx, launched UK Emission Allowance (UKA) Futures and Options today, in order to allow market participants to comply with the UK Climate Law and also to complement EEX’s wider offering for the UK power and gas markets.
The first trade was concluded on the first day of availability, between Centrica and CFP Energy, brokered by Tradition Energy and Commodities.
Joseph Eagell, Carbon Trader at CFP Energy commented: “We're proud to complete the first UKA trade on EEX, reinforcing our position as the market leader in UKA trading since the launch of the UK ETS. CFP Energy have been at the forefront of the UK carbon market since it began in 2021, providing market insights and developing tailored trading strategies to over 100 UK ETS operators, we see EEX launching UKA markets as a crucial step toward improving liquidity and transparency.”
Cassim Mangerah, Managing Director of Centrica Energy comments: “We are pleased to take part in the first UKA trade on EEX. The introduction of these products strengthens the UK carbon market by improving access to transparent pricing and robust risk management tools. With our experience in environmental and energy markets, we are focused on supporting the development of liquidity and enabling customers to manage their exposure in a maturing UK ETS.”
John Molloy, Head of Environmental Products at Tradition Energy and Commodities, comments: “We are delighted to have brokered the first ever UKA EEX cleared trade, vintage Dec 2026, marking another important milestone in the continued evolution of the UK carbon market.”
Graham Francis, Managing Director at Tradition Energy and Commodities, adds: “This trade further demonstrates our commitment to be at the forefront in supporting liquidity as new Carbon Markets come online.”
The new contract suite by EEX comprises UKA Futures and Options, with the first tradeable maturity of December 2026. The contracts are available through order book trading as well as trade registration.
The European Energy Exchange (EEX) is a leading energy exchange which builds secure, successful and sustainable commodity markets worldwide – together with its customers and partners. As part of EEX Group, it serves international power, natural gas, environmental, freight and agricultural markets, and provides data, reporting and registry services. EEX is an enabler of the energy transition and decarbonisation, advancing renewables integration through dedicated products and services, including those related to guarantees of origin.
About CFP Energy
CFP Energy is a leading specialist in carbon and environmental markets, helping large corporate organisations to navigate complex regulatory environments and volatile market conditions.
With 20 years of experience, CFP Energy has built deep expertise across all major compliance carbon markets in Europe, including the EU and UK ETS.
Operating from 9 offices across Europe, CFP Energy provides access to environmental markets alongside a broader suite of services across voluntary carbon, biofuels and financial products. The company supports businesses through market access services and tailored financial solutions that unlock liquidity and enable investment, supporting wider commercial growth.
With cross-commodity access and a fully integrated offering across environmental, biofuels, and financial services, CFP Energy acts as a strategic partner for organisations navigating the energy transition.