Prices of REGOs higher than generic Nordic hydro GOs for the first time

Recently, REGOs (wind/solar) traded at roughly 59 pence, which is equivalent to 66 Eurocent, for the period 2019 – 2022. The same period is theoretically priced at around 59 cents for generic Nordic hydro, given the last closing prices and the current spreads in the market. This is the first time REGOs are priced higher than Nordic hydro GOs.