Veyt’s GO market survey 2026: sentiment shifts in a tightening market

Note: Price references were updated after publication to align the analysis consistently with 2025 vintage GO contracts; the article’s core findings and conclusions remain unchanged.

We analysed Guarantees of Origin (GO) Veyt’s market survey 2026 responses, alongside GO price data and a live poll during our webinar on 12 May 2026.

The survey period (24 April–7 May 2026) saw GO prices increasing substantially, with 2025 vintage prices rising from EUR 0.89/MWh to nearly EUR 1.70/MWh — almost doubling over the period. Survey responses gathered during this rally, together with webinar polling conducted five days after it concluded, document three observations:

1. Market participants sentiment transitioned from bullish optimism in the early survey phase (24–26 Apr) to active disagreement by the time of the webinar (12 May).
2. The market lost its neutral middle ground: the share of respondents expressing a “stable” view declined as bullish and bearish positions both became more defined.
3. Across both polls, expectations for higher market volatility are near-unanimous.

Findings are based on 89 valid survey responses and a separate live webinar poll of 67 respondents on price direction and price target.