GO Market Overview May 2021

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GO market overview May 2021:

• Nordic Hydro 2021 GOs traded at 44.16 Eurocent/MWh (50% increase) from the previous month.

• Forward year production transactions (2022-2026) had the larger share of transactions at 58%, increased by 24% when compared to April indicating increased interest in hedging forward portfolios.

• Market sentiments continue to be mixed in regards to the current outlook on GO prices with some participants waiting to see the direction of prices before balancing portfolios.

Trading activity registered with our data partners in May significantly increased when compared to April with the number of transactions and registered volumes increasing by 66% and 51% (15.12 TWh) respectively. 

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