Uniper power stations successful in U.K. capacity market

DGAP-Media / 12.12.2016 / 15:58

-All Uniper power stations are awarded agreements
-Clearing price for ensuring U.K. power supply increases

All of Uniper's power stations in the United Kingdom were successful in the
latest capacity market auction, which is for October 2020 to September
2021. During this period they will help ensure the reliability of the U.K.
electricity system during periods of peak demand. National Grid, the U.K.
transmission system operator, concluded the auction on December 8 and
published the provisional results. The auction set a clearing price of
£22.50 per kilowatt of reserve capacity, markedly above the prices of the
previous two auctions, which were for 2018/2019 and 2019/2020. National
Grid will announce the final results on December 20.

The clearing price £22.50 per kilowatt is for keeping capacity available
and is paid regardless of how often the power stations are actually
dispatched. Power stations continue to be paid when they generate
electricity and deliver to the market. All seven of Uniper's power stations
in the United Kingdom, which together comprise almost 6 gigawatts of
capacity, were awarded agreements in this year's auction.

Participating in capacity markets in Europe facilitates long-term planning
of Uniper's generation fleet's revenues. At the same time, the company can
help these countries ensure their energy supply at times of system stress.
Last year, long-term contracts with industrial customers and fixed
compensation for system services accounted for about 40 percent of Uniper's
EBITDA in European power generation.

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 [phone]
M [phone]
[e-mail]


End of Media Release

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Issuer: Uniper SE
Key word(s): Energy

12.12.2016 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Archive at www.dgap.de

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Language: English
Company: Uniper SE
E.ON-Platz 1
40479 Düsseldorf
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.uniper.energy
ISIN: DE000UNSE018
WKN: UNSE01
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange



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