GO Week 22 Overview - Nordic Hydro on the rise, again!

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Highlights

• Prices for Nordic Hydro vintages increased this week with the highest price increase witnessed in the 2023 vintage. 
• Recorded transactions and volumes decreased by 41% and 36%  with 2023 production GOs having again the largest share of recorded transactions this week as participants continued hedging forward year consumption. 
• The Nordic hydropower reservoir levels continue to recover, having increased by 7.5% in Week 21 of 2022. 

This week's focus seems to be on the current year and short-term forward year contracts, as in Week 21. Trading activity was slightly more focused on 2023 production products that had a 41% share of total volumes up by 7% points. This was followed by 2022 production volumes that accounted for a 27% share up from a 22% share...