During the financial year 2023-2024, the average power price declined 50% across our markets, which led to a lower volatility environment. At the same time, we managed to increase our traded volume by 90%, the result of successful strategy deployment, data utilization and entry into new markets. We are proud of our agility and scalability, and consider it a fundamental differentiator.
In addition to its many challenges, the 2023-2024 financial year also provided numerous opportunities: around the world, renewable sources have increased their market share of electricity markets, making them more exposed to weather patterns. Furthermore, power markets are trending towards greater liberalization, shorter delivery windows and enhanced interconnectivity. These factors increase the depth and breadth of opportunity for Yggdrasil as a key player in matching and balancing supply and demand in short-term power markets.
