Newsletter - May 27, 2010 - Successful Virtual Power Plant Auction
DONG Energy Power has just completed the second of four auctions taking place in 2010 where one product was successfully sold:
3-months' product
100 MW delivered in the third quarter of 2010 was purchased by 4 companies. In the auction, an option price of 19.52 EUR/MWh (equivalent to a Total Option Price of 43,098 EUR/MW) was determined for the right to use the capacity in the third quarter 2010.
Owners of 3-months' Virtual Power Plant Capacity pay an additional set price of 31.58 EUR/MWh when electricity is supplied.
Next auction
The next auction is scheduled for 31 August 2010 where 200 MW is offered for supply. The 200 MW will be supplied in two products defined by their duration of 3 months (100 MW) and 36 months (100 MW).
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