GO Week 28 Overview - No holiday for Nordic Hydro prices

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Highlights

• Prices for Nordic Hydro for current and past vintages increased this week with the highest price increase in the 2022 vintage, as often.
• Recorded transactions and volumes decreased by 50% and 16% with 2022 production GOs having the largest share of recorded transactions this week.
• The Nordic hydropower reservoir levels continue to recover but at a slower pace, having increased by 2.9% in Week 27 of 2022.

This week's focus seems to be on the current and previous year contracts, as in Week 27. Trading activity was focused on 2022 production products that had a 42% share of trades. This was followed by 2021 production volumes which both had a 31% share. As we wrote three weeks ago, the activity picked up in Week 26, mostly due to the very low activity level last week because ...