EdF completes latest virtual power plant (VPP) auction
EDF continues to make available access to 6,000 MW of generation capacity in France. This fulfills an undertaking agreed by EDF with the European Commission when it obtained the Commission's approval to acquire a further interest in the German electricity utility, EnBW. The auctions are being conducted as simultaneous multi-round ascending price clock auctions, in order to ensure that buyers can acquire the right portfolio of contracts for their needs. The last capacity auction was held on 25th May, 2005. 35 bidders have taken part in the 16th auction held on 25th May 2005. 20 of them have been successful in the auction and have bought one or several products. Frontier is advising EDF in relation to the auction.
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