Trading during the previous week saw markets slow down significantly from the recent high activity seen in the GO market. Despite a slowdown in market activity, prices seemingly found support on the levels from week 20. Trading inactivity can partly be attributed to the bank holiday on Thursday which saw traders out of office on Friday for a long weekend.
Hydro GOs saw trades across a range of vintages, with 2021 production peaking at 42.50 Eurocent/MWh, down 1 Eurocent from week 20. While Nordic Hydro 2023 closed at 57.50 Eurocent/MWh, an 8 Eurocent increase from closing in the previous week. ...
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