Newsletter October 15, 2007
Next auction
The next VPP auction is scheduled to take place on 27 November 2007.
The auction will include two products:
- Quarterly product: 200 MW delivered in Q1-08.
- 12 Months’ product: 200 MW delivered in YR1-08.
DONG Energy Generation looks forward to see both new and existing bidders at the next auction.
Bid Security publishedThe Bid Security for the upcoming auction has been published on the confidential section of www.dongenergyvpp.com.
Deadlines for upcoming auctionsThe application deadline for the upcoming auction is 6 November 2007. A complete overview of the application procedures "Guide for November Auction 2007" is available from the Contracts section in the confidential section of the www.dongenergyvpp.com.
Please submit the following material before the application deadline:
Schedule A: Application for qualification to bidFor the 12 months’ product “Section 3 – Credit Groups” is especially important as the level of the bid security and the option security is determined by the Credit Group Classification
Schedule B: Bid Security Information Form Please submit separate Bid Security Information Forms for each single product auction.
Schedule C: Power of Attorney Only required for new prospective bidders
If there are changes to the existing Power of Attorney
If the existing Power of Attorney expires
Schedule D: Bank Guarantee for Bid SecurityOne bank guarantee may cover all Bid Securities
Mock auction on 20 November 2007The mock auction is scheduled to take place on 20 November 2007. Prior to the mock auction, each applicant will receive a notification of whether or not the company is approved to take part in the auction.
Indicative energy priceOn www.dongenergyvpp.com indicative energy prices for VPPQ1-08 and VPPYR1-08 will be published every Wednesday from week 43 until a week prior to the auction.
QuestionsQuestions concerning VPP and the upcoming auction, please contact:
Head of Planning, General Manager Lars Blaaberg, phone +45 76 22 25 60 or
Portfolio Management, Jacob V. Ottow, phone +45 76 22 22 39