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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
French TSO RTE has warned of “significant” curtailments of power exports from August until mid-October due to domestic gird constraints, according to market participants, cited by Montel.
- TSO officials stated in an online meeting that there "would be quite significant curtailments from August to mid-October, as severe as what we recently saw," a London-based trader told Montel.
- Another German trader at the meeting reported that the TSO mentioned a "possibility" of a repeat of the events in March and April. But this was unsure.
- The officials also said further export cuts could take place next year but gave no details, market participants added.
- The market anticipated cutbacks, reflected in price spreads between Germany and France for the August and October contracts, the London-based trader added.
- The French-German August 2024 Baseload power contract is at a €23.97/MWh discount at the time of writing – widening from €21.63/MWh on 23 May.
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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