Weekly GO Market Brief - Week 02, 2021

GO market activity post-New Years picked up slowly with a slight increase in trade volumes and transactions compared to week 53 last year.

Nordic Hydro GOs in forward markets dominated trades with 2022, 2023, 2024, 2025, and 2026 vintages trading at 43.5 Eurocent/MWh, 47.5 Eurocent/MWh, 51 Eurocent/MWh, 59.5 Eurocent/MWh, and 65.5 Eurocent/MWh respectively. 

Hydro GOs under the Swedish ecolabel  Bra Miljöval saw trades for 2020 production closing at 2.43 SEK/MWh while current year 2021 production vintages traded at a higher price of 3.87 SEK/MWh.

This week

We expect market activity to slow...