In June, the trading volume of Spanish domestic Guarantees of Origin (GOs) decreased by 43% due to the phase-out of subsidies and a preference for exporting GOs. Despite the decline, domestic demand remained robust, driving price increases. The trading volume was concentrated in Weeks 22 and 23 with the lowest prices recorded. Demand for 2024 contracts remained strong, and forward contracts for 2025-2027 showed a rising trajectory.
Following the statistics provided by our data partners, we can discern the following noteworthy observations of the Spanish domestic GOs market: Liquidity Trends During June, the aggregate trading volume of Spanish domestic GOs experienced a substantial …
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