GO French auction prices for January 2020

Thursday, 23 January 2020

Powernext held the fifth auction of Guarantees of Origin (GO), with the book opening on 14 January and order matching on 22 January. A total of 2 029 GWh GOs from October production were auctioned, with 819 GWh eventually being sold

Additional results summarised in the tables and graph below.

For the first time, we are seeing auctioned GOs going unsold, a bearish signal for the GO market. While the volumes auctioned for October production has increased in comparison to September, the total sales volume has more than halved.

Furthermore, the volume weight prices have also continued to decrease although the volume weight price for French Auction Hydro is higher than the Nordic Hydro 2019 OTC price (currently 13.50 Eurocent), which remains low moving into 2020.