EEX and Powernext invite tenders for spot power market auction system
European Energy Exchange AG (EEX) and Powernext SA are planning to introduce a new Spot Power Market auction system in the context of the creation of their joint Spot company.
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Even though they are not legally obliged to under the contract award regulations, the partners will issue a public invitation to tender in order to give interested suppliers an opportunity to participate in a free and open procedure.
All bidders wishing to participate in the tendering procedure are invited to formally apply by 22 August 2008.
Amongst other elements, the application documents consist of a tender procedure participation contract and a vendor application. The tender procedure participation contract comprises the recognition of the terms of the tender and a confidentiality obligation. The vendor application consists of a questionnaire.
The bidders that apply completely and in due time are regarded in the pre-selection procedure. EEX AG and Powernext SA will use the documents submitted by the bidders as the basis for this pre-selection in order to decide which bidders will be considered as candidates in the subsequent contract awarding procedure. These pre-selected candidates will then receive the further tender documents.