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| E.ON gives new impetus to competition  E.ON is taking the initiative to step up competition in the electricity and gas market. At the annual conference of the German Federation of Industrial Energy Consumers (VIK) in Berlin, Johannes Teyssen, member of the Board of Management of E.ON AG, presented the first few building blocks for the future development of the German electricity market. Each new power plant that is built by competitors in E.ON's service area is to be quickly connected to the grid. As a first step, E.ON is planning to increase its cross-border transportation capacity by approx. 1,000 MW within a short period of time; this is roughly equivalent to the output of a nuclear power station.In addition, E.ON will make available considerable additional capacity for an international exchange of electricity by means of a further expansion of its grid. At the same time, this will be an important prerequisite for bringing electricity trading up to a European dimension. To this end, E.ON will actively participate in combining the various national electricity exchanges and in building up European trading centers. In order to quickly improve the liquidity and transparency of electricity trading, E.ON will immediately start doing more transactions via public trading centers as of now. On the other hand, the company will reduce the volume of its direct trade with electricity sellers or buyers. In April 2006, the company already started informing all trading players about the generation capacity available on the following day – which is important information for an assessment of the probable supply situation. write your comments about the article :: © 2006 Construction News :: home page |