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First wind power trade on electricity exchange NordPool
1 October 2002
DV-Energi, an association founded by the owners of older wind turbines in Denmark, has completed its first wind power trade on NordPool, the Scandinavian electricity exchange. Over a four month period from January 1 to April 30 next year, DV-Energi has contracted to supply 1 MW of constant power over the 2879 hours which make up the four month period. The contract price for the 2979 kWh is DKK 556,000 (EUR 74,878), or EUR 0.026/kWh. The cost of the trade was DKK 821 (EUR 110). Owners of old turbines in Denmark, no longer eligible for the government mandated price subsidy, had feared that the cost of trading their power on NordPool would eat up any profits. In this case the trading cost amounted to EUR 0.0004/kWh.
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