GO Week 37 Overview - Lower prices for Nordic GOs, with decreasing reservoirs

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Highlights

• Prices for 2022 and 2023 vintages for all technologies experienced a hectic week with the highest price decrease (in value and percentage) witnessed for Nordic Hydro 2023.
• Recorded transactions and volumes moved by -62% and -71% respectively. 2022 and 2023 production GOs have the largest share of recorded transactions this week.
• The Nordic hydropower reservoir levels lost a lot of ground this week, down by 1.7%.

According to data from our data partners, this week saw very lower activity in terms of both recorded transactions and volumes. Trading activity this week was more focused on the current and short-term forward year (especially 2023). The share of 2021 and 2023 production volumes increased, reaching 24 and 52% respectively (versus 7 and 26% last week).