August GO market Overview

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Market activity recovered from the summer slowdown, with a 31% increase in traded volume. 10.2 TWh of GOs were traded in August compared to 7.8 TWh in July. GO prices continued to increase for all the traded technologies and vintage years. Particularly Nordic hydro 2018 GO price increased from 134 to 171 Eurocent/MWh, marking a 32% increase. It can be partially attributed to the high temperature and low precipitation in the summer. However, the situation may be alleviated i...