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Weekly GO Market Brief - Week 03, 2021

Monday, 18 January 2021

The third week of the year saw a slight pick up in market activity with a modest increase in trade volumes and transactions when compared to the previous week.

Nordic Hydro

Nordic Hydro GOs prices for 2020 production saw an 8% increase when compared to the beginning of the week trading at 9.5 Eurocent/MWh but closing at the end of the week at 10.3 Eurocent/MWh.

Similar to activity in week 2, more action was observed in the Nordic Hydro GO forward markets which dominated trades. Nordic Hydro 2023 vintages saw a 4% decrease closing at 45.5 Eurocent/MWh while 2025 and 2026 vintages closed at 61 Eurocent/MWh and 68 Eurocent/MWh respectively.

EU market prices

Previous year (2020) EU Hydro GOs prices traded at a discount to the Nordic Hydro closing the week at 9.75 Eurocent/MWh while the forward 2021 vintage closed at 41 Eurocent/MWh. 

EU Solar trades were observed with GOs for 2020 production closing in at 20 Eurocent/MWh at the start o...

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