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GO Week 47 Overview - Is Nordic Hydro going to reach 10 Euros/MWh?

Highlights

  • Prices for Nordic Hydro vintages maintained upward trends, with the highest weekly growth rate in the 2023 production, the same as last week.
  • Recorded transactions concentrated in GOs for 2022 and 2023 production (though overall transactions decreased by 46%), while traded volumes decreased by 56%.
  • Considering the general recovering hydro reservoir levels and expected reduction in electricity consumption, the undersupply for 2022 Hydro GOs may be improved towards the end of the year.

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