The Dutch Wind GO 2022 prices in February were at around 4.20 Euros/MWh. A more in-depth look at historical prices is available to subscribers of our Netherlands Market-maker quotations add-on.
When compared to January 2022, GO supply decreased only by 11.1% from 3.20 TWh to 2.85 TWh of GOs issued in February 2022. Whereas, the demand for renewable Dutch GOs decreased by 22% in February 2022 when compared to the previous month with 6.3TWh of GOs cancelled. Cumulative cancellations until February 2022 increased by 7% compared to the same period in 2021. Net imports in February 2022 decreased by 39% to 3.1 TWh compared to 5.09 TWh in January.
In February 2022, France was the main country of origin for imported GOs followed by Italy and Spain. Wind GOs dominated as the most imported type of foreign Guarantee of Origin at a 81% share of the total with the most originating from France (1 TWh). Hydro GOs followed with a 12% share of the total mostly originating from Norway.
Domestic renewable energy GOs continue to make up the largest share of cancelled GOs in the Netherlands (2.5 TWh) with local demand decreasing by 29% in contrast to the previous month. It is followed by French renewable GOs with 1.1 TWh cancelled. The high net imports combined with the decrease in the cancellation of domestic GOs suggests that a demand for EU GOs has grown in February.
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
