2027 GOs fall below EUR 1.90/MWh as trading rebounds

2027 guarantees of origin (GOs) were actively traded on Tuesday, following the broad move reported on 5 October. The update compares Tuesday’s trades along the curve, from the 2026 to the 2029 vintage and including German-origin GOs, and Veyt’s indicative 2027 bid/ask with the trading of 5 to 7 October and the quieter spell from 8 to 19 October.

It also covers Norwegian hydrology from NVE’s week 41 report, wind output across AIB countries, and the year-to-date renewable surplus, and sets out what Wednesday’s EEX and HUPX auctions could signal for the direction of 2027 GO prices.