GO French auction prices for February 2020

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.