DONG Energy Generation has just completed the second of four auctions taking place in 2007. In the auction, 225 MW virtual Power Plant capacity was offered for supply in the third quarter of 2007. The auction was a success and 5 companies purchased capacity.

Auction results
In the auction, an option price of 15.63 EUR/MWh (equivalent to a Total Option Price of 34,503 EUR/MW) was determined for the right to use the capacity in the third quarter of 2007. Owners of Virtual Power Plant Capacity pay an additional set price of 18.00 EUR/MWh when electricity is supplied.

Next auction
The next auction is scheduled for 28 August 2007 where 225 MW is offered for supply in the fourth quarter of 2007.

In cooperation with the Danish Competition Authority, DONG Energy Generation has appointed Deloitte as Trustee to ensure the smooth operation of the auction. The auction itself takes place on the internet through the Nordic Power Exchange, Nord Pool, in Oslo. The details of the bidders are kept confidential thus information is not made available or disclosed to the individual bidders or DONG Energy Generation.

If you have further questions regarding the VPP auctions you are welcome to 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