Monday, 08 April 2019
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The first week of April saw continued buying interest in the market, with increased prices being supported by increasing liquidity. Market activity slowed down towards the end of the week as the bid/ask spread grew too big when sellers aimed at maximising returns in the bullish market.
Demand-side interest pushed 2019 Nordic Hydro GO prices above 110 Eurocent/MWh, while most other vintages are now trading around 120 Eurocent/MWh. Wind GOs trade in a similar range to Nordic Hydro, with the exception of 2019 production where Wind GOs trade at a 8.50 Eurocent premium. The following graph illustrates the technology premium/discount at closing on Friday April 5th.
The Greenfact Index, which follows the...