Weekly GO Market Brief - Week 30, 2018

Despite the slowdown in trading activity, the positive price momentum continued. Hydro and wind prices continued to converge and premiums between products are now in the 5 cent range.

Currently, the volume weighted average price for Nordic Hydro 2018 is up 31.26% from June 2018. This is likely driven by the lack of sellers, which strains the supply side. Greenfact has covered the background for the shortage of sellers, which is likely caused by low production combined with high volumes already sold:

• NVE's quarterly report reveals substantial shortage of available Norwegian hydropower

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