Monday, 13 May 2019
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The second week of May saw an increase in market activity compared to previous weeks. The market remained bearish due to lower than normal demand, pushing down prices.
Nordic Hydro 2019 traded at 71 Eurocent/MWh, down from 78 Eurocent/MWh in the week before. Furthermore, Nordic Hydro 2020 and 2021 now trade below the 1 Euro/MWh mark. Wind GO vintages continue to trade at a significant premium over their Hydro GO counterparts, with the premium ranging from 5.50 to 28.50 Eurocent.
The Greenfact Index, which follows the movements of the market, closed at 101 points on Friday, down from 120 points on closure in week 18.
The outlook remains uncertain in the short run. Continued lack of demand, coupled with low liquidity could ...