Uniper successful in French capacity market

DGAP-News: Uniper SE / Key word(s): Miscellaneous

22.12.2016 / 09:56
The issuer is solely responsible for the content of this announcement.


 
  • Company's nearly 2 gigawatts of generating capacity in France will help ensure the country's security of power supply
 

Uniper successfully participated in the first auction of capacity guarantees in France. The auction, which enabled power suppliers to purchase certificates to meet the demand of their customers, was concluded on December 15 at the European Power Exchange EPEX Spot in Paris. Earlier this year, Uniper received capacity certificates for its almost 2 gigawatts of generating capacity in France in order to contribute to the security of the country's power supply in 2017. France introduced its capacity market to prevent electricity supply shortages and Uniper took an active part in the consultation process to help shape the market design.

"More and more European countries are recognizing that energy security isn't automatic," Uniper CEO Klaus Schäfer said. "Capacity mechanisms like those in France and the United Kingdom are designed to ensure that enough generating capacity is available, even during periods of peak demand. Moreover, competitive bidding between multiple producers ensures fair prices. An increasing proportion of our generation fleet is able to compete successfully in these auctions."

Uniper is a leading international energy company with operations in more than 40 countries and around 13,000 employees. Uniper's business is to provide a reliable supply of energy and related services. Its main operations include power generation in Europe and Russia and global energy trading. Its headquarters are in Düsseldorf, Germany.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.


For further information please contact:

Georg Oppermann

T +49 2 11-45 79-55 32
M +49 1 78-4 39 48 47
georg.oppermann@uniper.energy



22.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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