Against a bearish price development for the 2023 vintage last year, the GO market value almost doubled to EUR 4.8 billion, benefiting from higher prices at the beginning of the year. However, an increased RES build-out – coupled with good weather conditions and reduced electricity demand, created an oversupply that negatively affected GO prices.
As we move into 2024, prices have fallen to levels where they currently are testing 2 EUR/MWh and 3 EUR/MWh for the 2023 and 2024 vintages, respectively.
