Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POWER
Swiss utility Axpo hedged 51TWh of power generation as of the end of March, broadly stable from six months earlier at 52TWh, the firm said during its half-year results.
- Since the start of 2022 Axpo has no longer hedged its entire electricity production over a period of three years.
- The firm hedged 25.7TWh of electricity production for 2023/24 as of the end of the first quarter, with an open position 1.8TWh of generation at an average price of €56/MWh. This compares to 24.3TWh hedged at €55/MWh as of the end of September last year.
- For 2024/25, Axpo hedged 19TWh of its power generation with an open position of 6.2TWh. This compares to 17TWh hedged with an open position of 8TWh at the third quarter last year.
- Axpo expects to benefit from higher prices from 2024/2025 onwards, the firm said.
- For 2025/2026, the firm hedged 13.3TWh with an open position of 11.4TWh. This compares to 10.4TWh hedged with an open position of 14.4TWh as of the end of September.
- Axpo also started hedging for 2026/27 for which the firm had hedged 5.9TWh of output with an open position of 19.3TWh at an average price of €96/MWh.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok