DONG Energy Power has just completed the first of four auctions taking place in 2011 where one product was successfully sold:
3-months' product
100 MW delivered in the second quarter of 2011 was purchased by 4 companies. In the auction, an option price of 14.43 EUR/MWh (equivalent to a Total Option Price of 31.521 EUR/MW) was determined for the right to use the capacity in the second quarter 2011.
Owners of 3-months' Virtual Power Plant Capacity pay an additional set price of 37.82 EUR/MWh when electricity is supplied.
Next auction
The next auction is scheduled for 31 May 2011 where 100 MW is offered for supply. The 100 MW will be supplied in one product defined by a duration of 3 months, starting 1 July 2011.
In cooperation with the Danish Competition Authority, DONG Energy Power 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, Nasdaq OMX Commodities, 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 Power.
If you have further questions regarding the VPP auctions you are welcome to contact:
Portfolio Management, Lasse Pilsmark, phone +45 99 55 24 59
or
Portfolio Management, Jens Henrik Henriksen, phone +45 99 55 77 36