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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.
POWER
Power demand in Germany, France and Great Britain is expected to edge higher by 1.2% year on year this summer according to BNEF.
- Power demand in Germany is forecast to average 49.6GW in June and 49.7GW in summer. French power demand is expected to average 41.5GW in June and 41.7GW in Summer. UK June power demand is forecast at 22.5GW and at an average of 23GW over the summer.
- German wind output is forecast to rise by 7% on the year this summer. French and the UK’s wind output is expected to decline by 6% on the year this summer.
- French nuclear generation is estimated to average 33GW in June, up by 6% year on year. Nuclear output is forecast to average 35GW this summer, 5% higher on the year, meaning French nuclear production would be at 341TWh in 2024.
- The implied efficiency of gas power plants remains at least 60% across Germany, France and Great Britain until the end of the summer. The German and French markets tighten from the start of winter, as Germany will likely boost gas-fired generation due to the closure of 10GW of coal and lignite capacity over the summer, while tightening in France reflects concerns over nuclear fleet availability.
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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