EEX expands environmental product suite with UK ETS derivatives

26/03/2026 EEX Press Release

Leipzig, 26 March 2026 – The European Energy Exchange (EEX), in collaboration with IncubEx, will expand its environmental markets portfolio with the launch of UK Emission Allowance (UKA) Futures and Options on 26 May.

The new derivatives on the UK Emissions Trading System (UK ETS) will feature the December 2026 contract as the first tradeable expiry.

Peter Reitz, CEO of EEX, comments: “With the launch of the new UKA contracts, we are addressing longstanding calls from the trading community to expand opportunities into this trading segment. The new products will not only support regulatory compliance in line with the UK’s net zero strategy but also enhance price discovery and broaden carbon risk hedging options.”

Dan Scarbrough, CEO of IncubEx, comments: “The UK carbon market has operated distinctly from the EU carbon market for the last five years and is among the most robust carbon markets globally. Adding UKA futures and options increases the value proposition for traders on EEX looking to hedge risk and invest across the environmental and energy sectors in the UK and Europe. We are excited to work with EEX on delivering UKA futures and options to the expanding universe of traders that are utilising EEX as their preferred exchange and clearing venue.”

The new UKA contracts will not only allow market participants to comply with the UK Climate Law but also complement EEX’s wider offering for the UK power and gas markets. On these EEX markets, total trading volumes have grown significantly lately, with the first two months of 2026 recording a surge of over 3,900% year-on-year in GB Power Futures, while GB Gas Derivatives saw a growth of more than 5,700% compared to the same period of the previous year. EEX is also the leading platform for the UK gas spot, as well as the UK intraday power spot markets through EPEX Group company EPEX SPOT.

EEX also offers European Emission Allowance (EUAs) Spot, Futures and Options, where traded volume increased by an overall 91% year-over-year in February 2026.

Each UKA and EUA represents the right to emit 1 tonne of CO₂‑equivalent.

To see more on UKA products on EEX, click HERE.

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.

IncubEx works with partners and stakeholders to design and develop new financial products, markets and trading solutions in global environmental, climate risk, and related commodity markets. The company collaborates with the European Energy Exchange (EEX) and its U.S. subsidiary, Nodal Exchange on listed environmental products and operates The Voluntary Climate Marketplace (TVCM). IncubEx, a privately held company founded in 2016 with offices in Chicago and London, is uniquely positioned to capture these opportunities globally.