GO market overview June 2021

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GO market overview June 2021:

• Nordic Hydro 2021 GOs were traded at 42.6 Eurocent/MWh (4% decrease) from the previous month.
• Forward year production transactions (2022-2026) had the larger share of transactions at 52%, indicating increased interest in hedging forward portfolios., further corroborated by market sources. 
• Dwindling of 2020 production availability could apply upward pressure on the 2021 vintage price.

Trading activity registered with our data partners in June decreased when compared to May with the number of transactions and registered volumes decreasing by 39% and 34% (9.9 TWh) respectively. 

Transactions associated with the current year 2021 production accounted for a 35% share, a 6% increase when compared to May. Forward year production transactions (...