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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.
ELECTRICITY
European electricity demand has been depressed by on average 7% so far in 2023 compared with the 2017-2021 historical demand levels according to ICIS.
- Demand has been relatively uniformly suppressed at the sectoral level with industrial, residential and commercial sector demand lagging behind the historical averages.
- Lower demand due to the sharp spike in both power and gas prices last year is still filtering through the system with prices still considerably higher than pre-crisis levels despite the decline this year.
- The coming months will be crucial in providing an indication about the future with demand historical ramping up into winter after the flat levels in August and September.
Source: ICIS
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.
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