January 2007 VPP Newsletter
Next auction
At the next VPP auction, 225 MW of Virtual Power Plant capacity is offered for supply in the second quarter of 2007. The auction is scheduled for Tuesday 27 February 2007.
DONG Energy Generation looks forward to see both new and existing bidders at the next auction.
Product Optionality
The optionality of the product has increased considerably as the DK1 energy prices have dropped significantly. The effect is therefore, that the difference between the forward prices and the strike price is smaller than previous.
Bid Security published
The Bid Security for the upcoming auction has been published on the confidential section of www.dongenergyvpp.com.
Deadlines for upcoming auctions
The application deadline for upcoming auction is 6 February 2007. A complete overview of the application procedures "Guide for February Auction 2007" is available from the Contracts section in the confidential section of the www.dongenergyvpp.com.
Please submit the following material before the application deadline:
Schedule A: Application for qualification to bid
Schedule B: Bid Security Information Form
Schedule C: Power of Attorney
Only required for new prospective bidders or if there are changes to the existing Power of Attorney
Schedule D: Bank Guarantee for Bid Security
Prospective bidders are welcome to contact DONG Energy Generation (see details below) if they have questions regarding the application process.
Mock auction on 20 February
The mock auction is scheduled to take place on 20 February 2007. Prior to the mock auction, each applicant will receive a notification of whether or not the company is approved to take part in the auction.
Indicative energy price
On www.dongenergyvpp.com indicative energy prices for VPPQ2-07 will be published every Wednesday until a week prior to the auction.Questions concerning VPP and the upcoming auction, please contact:Head of Planning, General Manager Lars Blaaberg, phone +45 76 22 25 60 or
Portfolio Management, Jacob V. Ottow, phone +45 76 22 22 39