After an analysis of the GO market across the AIB member countries, we have concluded that the hydro GO market likely will be short within 2020. The reason is an ever-increasing demand after such and a supply not evolving at the same rate.
This will result in a higher price for hydro GOs, and will also affect corresponding GOs for the other technologies, especially biomass GOs, which are not as attractive as wind and solar GOs.
In the graph below, we see forecasted development of supply and demand of hydro GOs across the AIB until 2020. We anticipate the price to reach 0.50 €/MWh for NordichydroGOs in one year.
Read more about the supply & demand situation across the AIB here.
Read more about the renewable GO market outlook here.