Monday, 01 October 2018
Markets sought stability last week as the hydrological balance returned to normal levels year-to-date. The markets corrected slightly down as a result of the increased supply originating from precipitation in the Nordics.
The price divergence between Nordic Hydro and Wind GOs continued in the last week of September, and by closing on Friday the price difference reached 33 Eurocent/MWh for 2018 production, up from 26 Eurocent/MWh last week.
The outlook is still uncertain, and trading in the coming week will depend on the tone set by market participants following the slight correction seen lately. Given the signals seen towards the end of last week, we expect price stability to continue t...