GO Market Overview January 2019

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January saw substantially more trading activity than in December, with the number of trades by our data partners increasing by 100%. Trading was centred around GOs from 2018 production, followed by 2019 production. There was also a significant increase in the volumes of GOs traded compared to last month. Despite increasing market activity, GO prices for all vintages fell by 15% on average in January after a relatively stable period in December. Volume weighted average prices (VWAPs) from 2018 production ranged between 102 to 113 Eurocent/MWh depending on the technology. A contributor to the decrease in the price of 2018 production was increased exports from Spain due to the export deadline at the end of January for 2018 production (click