Monday, 28 January 2019
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Last week's trading saw a drop in prices for 2018 production GOs for both Hydro and Wind. Part of the underlying reason is the finalisation of production numbers which meant that producers were given their final credit of issued GOs. This triggered an increase in supply of 2018 production which naturally saw falling prices.
Hydro 2019 and onward is trading around 145-150 Eurocent/MWh, which is supported by lower than normal levels in the snow reservoirs in the Nordics. The graph below shows the development of the reservoirs compared to the 9-year normal.
Wind GOs returned to trading last week, with EU Wind 2021 trading at 145 Eurocent/MWh.
The Greenfact Index closed at 224 points again, which is the same as in week 3. During the week of trading the index saw a slight increase b...