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Weekly GO Market Brief – Week 43, 2019

Monday, 28 October 2019

The last full week of trading in October saw lower prices due to lower demand. The market liquidity was further weakened by anticipation of the results from the French auction. 

Nordic Hydro 2019 prices fell significantly to 28.00 Eurocent/MWh, down 4.00 Eurocents from Week 42. Prices for Nordic Hydro vintages 2020-2022 duly followed, trading now in the range of 62-76 Eurocent/MWh. Wind GO products did not tumble as much as their Nordic Hydro counterparts, and saw the premium for Wind GOs grow to 5-8 Eurocents. It is unclear if this premium will persist in the future.

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