Weekly GO Market Brief - Week 12, 2022

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Highlights:

• Market activity significantly decreased in the third week of March, according to data from our partners.
  
• Prices for Nordic Hydro vintages decreased across all recorded vintage years with the highest price decrease witnessed in the 2023 vintage supporting forward market bearish sentiment claims.
• 2022 production GoOs had the largest share of recorded transactions last week attributed to increasing shift in demand from participants refocusing on hedging current year consumption.
  
• The Nordic hydropower reservoir levels decreased by about 2.6% in Week 11 of 2022.

According to data from our data partners, this week saw a significant decrease in market activity when compared to the week pr...