Weekly GO Market Brief – Week 9, 2019

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 Last week’s trading

The last week of February saw a drop in GO prices, partly caused by abnormally mild weather in February and the lack of fundamental buyers (i.e. utilities and corporate end consumers) in the market.

Nordic Hydro 2018 closed at 48.50 Eurocent/MWh, down from 63.00 Eurocent/MWh. Nordic Hydro 2019 through to 2022 Nordic Hydro now trade in the range of 95 to 106 Eurocent/MWh. This is down by an average of 10 Eurocent/MWh. Wind 2019 through to Wind 2022 now trade in the range of 106 to 109 Eurocent/MWh. 

The Greenfact Index, which follows the movements of the market, closed at 145 points on Friday, down from 188