The market correction continued on thin volumes last week, with more Nordic Hydro 2018 supply coming into the market from intermediaries. This increased supply without matching demand drove the price correction. However, we saw big hydro producers having balanced portfolios for 2018 and holding their supplies last week.
Furthermore, post 2020 (2021 and 2022 production) Wind GO prices are trading at a significant discount on expectations of increased supply. However, for Wind 2018 GOs, the market showed continued price support above the 200 Eurocent/MWh threshold due to the low production seen this summer.
This week
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