Weekly GO Market Brief - Week 33, 2018

Last weeks trading activity still showed signs of the summer slowdown. We expect market activity to increase week by week as we approach the end of August.

The premium for wind increased to about 10 Eurocent over Nordic Hydro, likely driven by a market with high demand and few sellers. Hydrology forecasts also show a significant increase in precipitation energy in the coming weeks, if the forecasts are correct this would likely relieve some of the pressure on Nordic Hydro.