Monday, 20 January 2020
Last week saw the market continue to trade down, continuing the negative price trend. The front is seeing the most pressure, which is natural as we've entered a new year. This carries through to other vintages, which is currently lacking fundamental buyers.
Nordic Hydro 2020 production saw a significant price drop, trading all the way down at 35.5 Eurocent/MWh, while Nordic Hydro 2021, 2022 and 2023 followed, seing their price range down to 60-75 Eurocent/MWh.
With lacking trades on Wind GOs it is unclear what the current premium of Wind GOs are over their Nordic Hydro counterparts.
Another aspect of the new year is the increased mandates market players are given, giving more privilege for trading of 2023 and 2024 vintages likely increasing liquidity further out on the curve.
We continue to expec...