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Norwegian GO update September

Thursday, 04 October 2018

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Price development of Nordic hydro

The volume weighted average prices (VWAP) for Nordic hydro continued to increase in September and reached historically high levels. At the end of the month, the VWAP for 2018 production was 196.03 Eurocent/MWh, corresponding to a 14.7% increase since August. 2019 production sold at a volume weighted average price of 213.81 Eurocent7MWh, an increase of 16.9% since August.

Prices started stabilizing towards the end of September before decreasing. As of the 04.10 the VWAP for Nordic hydro 2018 production was 173 and 198.50 Eurocent/MWh for 2019 production. This corresponds to a 12 and 7% decrease respectively. This may in part be attributed to the improved hydrological balance due to the vast amounts of ...

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