Weekly GO Market Brief - Week 25, 2021

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This week’s trading

• Recorded decrease in traded volumes (24%) and transactions (18%).
•  Increase witnessed in most Nordic Hydro GOs vintages (2021 vintage closed the week at 41.50 Eurocents/MWh).
• Forecasted drier than normal hydrological conditions in Europe could result in possible price increases in Hydro GO products in the coming weeks.

According to data from our data partners, the final week of June saw a slow market with a dip in activity as transactions recorded and traded volumes decreased by 18% and 24% respectively when compared to Week 24.  

Current year (2021) transactions accounted for a 37% share of the total. Forward curve transactions (2022-2024) accounted for a majority share of 60%. Furthermore, Hydro GOs represented 83% of recorded transactions.