Template:M comp disc EUA Annex Allowance Price
The definition of Allowance Price is more or less the same in all three emissions trading documentation regimes. Compare:
ISDA: Allowance Price
IETA: Allowance Price
EFET: Allowance Price
Well, this is embarassing. There’s no such term in the Annex, despite the term being used in the Annex. Whoopsie. By context it could refer to either an Allowance Strike Price — for an Option — or an Allowance Purchase Price — for a Forward. It is the same concept as in the other Master Agreements.