Newsletter - 27 August 2008 - Successful Virtual Power Plant Auction
DONG Energy Generation has just completed the third of four auctions tak-ing place in 2008 where two products were successfully sold:
3-months' product
200 MW delivered in the fourth quarter of 2008 was purchased by 4 compa-nies. In the auction, an option price of 30.01 EUR/MWh (equivalent to a To-tal Option Price of 66.300 EUR/MW) was determined for the right to use the capacity in the fourth quarter 2008.
Owners of 3-months' Virtual Power Plant Capacity pay an additional set price of 54.39 EUR/MWh when electricity is supplied.
3-year product
100 MW delivered in the years 2009-2011 was purchased by 5 companies. In the auction, an option price of 21.64 EUR/MWh (equivalent to a Total Option Price of 568.800 EUR/MW) was determined for the right to use the capacity in the years 2009-2011.
Owners of 3-years Virtual Power Plant Capacity pay an additional set price of 53.57 EUR/MWh when electricity is supplied.
Next auction
The next auction is scheduled for 25 November 2008 where 300 MW is of-fered for supply. The 300 MW will be supplied in two products. The first product is 200 MW defined by a duration of 1 year, starting 1 January 2009. The second product is 100 MW defined by a duration of 3 months, starting 1 January 2009.
In cooperation with the Danish Competition Authority, DONG Energy Gener-ation 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:
(Please note the changed contact info!)
Head of Planning, General Manager Lars Blaaberg, phone +45 99 55 29 71 or
Portfolio Management, Lasse Pilsmark, phone +45 99 55 24 59