DONG Energy Generation has just completed the first of four auctions tak-ing place in 2008 where one product was successfully sold:

3-months' product
200 MW delivered in the second quarter of 2008 was purchased by 5 com-panies. In the auction, an option price of 10.72 EUR/MWh (equivalent to a Total Option Price of 23,415 EUR/MW) was determined for the right to use the capacity in the second quarter 2008.

Owners of 3-months' Virtual Power Plant Capacity pay an additional set price of 42.31 EUR/MWh when electricity is supplied.

Next auction
The next auction is scheduled for 27 May 2008 where 200 MW is offered for supply. The 200 MW will be supplied in one product defined by a duration of 3 months, starting 1 July 2008.

In cooperation with the Danish Competition Authority, DONG Energy Gener-ation 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 indi-vidual bidders or DONG Energy Generation.

If you have further questions regarding the VPP auctions you are welcome to 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