VERBUND is testing technical possibilities for rapid market opening

3/8/2000Wien

The market for electricity is to be opened completely as fast as possible in Austria. In the discussions around this topic the lack of adequate technical equipment in the relevant companies is put forward as an obstacle.

To save time the partners of Energie Austria (VERBUND, EnAG OÖ and STEWEAG) and other electricity supply companies (ESC) are carrying out a joint field test in which on the basis of the Scandinavian settlement system a proven procedure for the compensating energy is tested and adapted for use in Austria.

At the same time a settlement company is being established that will be open to all ESC-grid operators for participation. Integrating banks and the industry, this company, is to have an ownership structure in which the ESC do not hold a majority interest, as the future settlement company is to guarantee maximum independence, impartiality and data security.