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German regulator Bnetza will announce the opening of the first tender to close up to 4GW of coal-fired capacity on 4 August, four weeks before the auction deadline as established in the coal phase-out law.
Plant operators that want to participate will be able to submit bids until 1 September and successful participants will be awarded a contract by 1 December.
The maximum price in the tender is €165,000/MW.
Under the tender rules set in the phase-out law approved earlier this month and waiting to get state aid approval by the European Commission, winners of the first tender will take their plants out of the wholesale power market by January next year and will stop burning coal for power generation at those sites by July next year.
Potential participants in the first and upcoming tenders will have to provide authorisation from owners, representatives or shareholders of the plant to submit bids, the value, the amount of capacity to close, main connections of the plant, information of the generators and the unit's CO2 emissions history.
Lignite-fired units with a capacity of below 150MW can also participate in the tenders, while operators of bigger plants have agreed a phase-out timeline for their sites with the government.
The second tender round will be announced on 7 December and will have a deadline of 4 January. In this round, Bnetza will seek to allocate 1.5GW of capacity closures at a maximum price of €155,000/MW. Winners will have to take their plants out of the market and stop burning coal by December next year.
Under the coal phase-out law, tenders for the closure of capacity will be held until 2027. Shutdowns will be mandatory from 2031 to reduce hard coal-fired capacity to zero by 2038 at the latest.
Source: Argusmedia
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