Weekly GO Market Brief - Week 27, 2021

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Last week’s trading

• Traded volumes decreased by 33% and number of transactions by 8%.
• Prices increased over 8% for forward Nordic Hydro GOs vintages (2024 vintage closed the week at 85.9  Eurocents/MWh).
• Forecasted drier than normal hydrological conditions and drier weather conditions in some European countries could result in possible price increases in GO products in the coming weeks.

According to data from our data partners, last week saw a continued decrease in market activity as transactions recorded and traded volumes decreased by 8% and 33%  respectively when compared to Week 26.  

Current year (2021) transactions accounted for a 27% share of the total. Forward curve transactions (2022-2024) accounted for a majority share at 54% although it is a 22% decrease compare...