DONG Energy Power has just completed the third of four auctions taking place in 2009 where two products were successfully sold:

3-months' product
100 MW delivered in the fourth quarter of 2009 was purchased by 4
companies. In the auction, an option price of 13.29 EUR/MWh (equivalent to a Total Option Price of 29,346 EUR/MW) was determined for the right to use the capacity in the fourth quarter 2009.

Owners of 3-months' Virtual Power Plant Capacity pay an additional set
price of 27.94 EUR/MWh when electricity is supplied.

3-year product
100 MW delivered in the years 2010-2012 was purchased by 4 companies. In the auction, an option price of 16.31 EUR/MWh (equivalent to a Total Option Price of 429,120 EU R/MW) was determined for the right to use the capacity in the years 2010-2012.

Owners of 3-years Virtual Power Plant Capacity pay an additional set price of 31.98 EU R/MWh when electricity is supplied.

Next auction
The next auction is scheduled for 24 November 2009 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 2010. The second product is 100 MW defined by a duration of 3 months, starting 1 January 2010.
In cooperation with the Danish Competition Authority, DONG Energy Power has appointed Deloitle 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 +4599552971
or
Portfolio Management, Lasse Pilsmark, phone +4599552459
or
Portfolio Management, Palle Cortzen Dumstrei, phone +4599559275