Newsletter - August 31, 2010 - Successful Virtual Power Plant Auction
DONG Energy Power has just completed the second of four auctions taking place in 2010 where two products were successfully sold:
3-months' product
100 MW delivered in the fourth quarter of 2010 was purchased by 3 compa-nies. In the auction, an option price of 19.54 EUR/MWh (equivalent to a To-tal Option Price of 43,161 EUR/MW) was determined for the right to use the capacity in the fourth quarter 2010.
Owners of 3-months' Virtual Power Plant Capacity pay an additional set price of 35.46 EUR/MWh when electricity is supplied.
3-year product
100 MW delivered in the years 2011-2013 was purchased by 3 companies. In the auction, an option price of 12.66 EUR/MWh (equivalent to a Total Option Price of 333,000 EUR/MW) was determined for the right to use the capacity in the years 2011-2013.
Owners of 3-years Virtual Power Plant Capacity pay an additional set price of 38.20 EUR/MWh when electricity is supplied.
Next auction
The next auction is scheduled for 30 November 2010 where 300 MW is offered 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 2011. The second product is 100 MW defined by a duration of 3 months, starting 1 January 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, 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 Power.
If you have further questions regarding the VPP auctions you are welcome to contact:
Head of Planning, General Manager Lars Blaaberg, phone +45 99 55 29 71 or
Portfolio Management, Lasse Pilsmark, phone +45 99 55 24 59
or
Portfolio Management, Palle Cortzen Dumstrei, phone +45 99 55 92 75