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Denmark

Denmark

Liberalisation of wind market postponed two years

Liberalisation of the Danish wind power market and the introduction of green credit trading has been postponed for two years until January 1, 2002. The government decided the market would be too small for a credit trading exchange to be economically viable before that time, the Danish Energy Agency explains. The government is still aiming, however, at having a green power market fully functioning by 2003 (Windpower Monthly, December 1999). Meantime the price of a green credit is to be politically set to ensure continued wind development in Denmark. Wind turbines may sell their power today for DKK 0.043/kWh plus income from the sale of green power credits, if there was a market for them. The guaranteed minimum price obtainable on the trading exchange was to have been DKK 0.10/kWh. The energy ministry is now considering whether this is a high enough fixed premium to keep the wind market active over the next two years, confirms Kai Worsaae from the energy agency. The chairman of Denmark's wind turbine owners association, Flemming Tranæs, is satisfied with the decision to postpone the introduction of credit trading until the mechanism is fully prepared.

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