Monday, 02 July 2018
The market shifted its momentum from EU Wind to Nordic Hydro, which saw a range of production years being traded with considerable volumes. The price increase for Nordic Hydro will likely continue as the prices of wind and hydro is predicted to converge.
The increased buying interest helped raise the hydro prices, while EU Wind saw the bid/ask spread growing too big for larger volume trades, despite the great demand seen in the past weeks. This trend of increasing prices and spreads is expected to continue as typical sellers are either holding back or even buying as they expect even higher prices when entering the July slowdown.
See the price section for an overview of last weeks transactions.