Tuesday, 25 February 2020
Powernext held the sixth auction of Guarantees of Origin (GO), with the book opening on 12 February and order matching on 19 February. A total of 2 086 GWh GOs from November production were auctioned, with 757 GWh eventually being sold.
For the second time in a row, we are seeing auctioned GOs going unsold, a bearish signal for the GO market. While the volumes auctioned for November production has slightly increased from October, the total sales volume has more than halved.
While the volume-weighted prices for French Auction Wind onshore, Solar and Thermal almost stagnate, the volume-weighted price for French Auction Hydro increases by 26%, higher than the Nordic Hydro 2019 OTC price (currently 13.50 Eurocent), which remains low moving into 2020.