DONG Energy Power has just completed the last of four auctions taking place in 2010 where two products were successfully sold:

3-months' product
100 MW delivered in the first quarter of 2011 was purchased by 3 companies. In the auction, an option price of 15.77 EUR/MWh (equivalent to a Total Option Price of 34,050 EUR/MW) was determined for the right to use the capacity in the first quarter 2010.

Owners of 3-months' Virtual Power Plant Capacity pay an additional set price of 37.50 EUR/MWh when electricity is supplied.

1-year product
200 MW delivered in the year 2011 was purchased by 6 companies. In the auction, an option price of 12.61 EUR/MWh (equivalent to a Total Option Price of 110,460 EUR/MW) was determined for the right to use the capacity in the year 2011.

Owners of 1-year Virtual Power Plant Capacity pay an additional set price of 36.74 EUR/MWh when electricity is supplied.

Next auction
The next auction is scheduled for 22 February 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 April 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 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