Alternative suppliers snap up power at EdF auction
Electricité de France (EdF) has held its second auction of power to so-called alternative suppliers to help develop competition in the small business and residential customers market. Ten companies took part in the auction of 500 MW of electricity, with seven of them successfully bidding for baseload supply contracts covering a period up to 15 years. EdF has been conducting quarterly auctions of supply since 2001, but following a formal complaint alleging that the company had abused its dominant market position, France's Competition Council ruled in December 2007 that EdF must auction 1500 MW of electricity to alternative suppliers at prices enabling them to compete effectively with the deregulated mass market. The first such auction was held in March 2008, and the next one is due to be held in the second half of 2009.
Electricité de France (EdF) has held its second auction of power to so-called alternative suppliers to help develop competition in the small business and residential customers market. Ten companies took part in the auction of 500 MW of electricity, with seven of them successfully bidding for baseload supply contracts covering a period up to 15 years. EdF has been conducting quarterly auctions of supply since 2001, but following a formal complaint alleging that the company had abused its dominant market position, France's Competition Council ruled in December 2007 that EdF must auction 1500 MW of electricity to alternative suppliers at prices enabling them to compete effectively with the deregulated mass market. The first such auction was held in March 2008, and the next one is due to be held in the second half of 2009.
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