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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 hydropower stocks last week (week 29) moved down just slightly to remain firm from the previous week, albeit falling for the first time since week 17, to end the week at 3,100GWh of capacity, RTE data showed.
- French hydro stocks fell from their fresh yearly high from the previous week to end their 11-week upward trend but are still near the maximum capacity of around 3,591GWh.
- And reservoir levels continue to be above the same week in 2021-23 but narrowed their surplus on the year.
- Average French power demand last week was at around 43.03GW compared to 42.3GW in week 28.
- Average hydropower generation in France from water reservoir sources last week was at 1.62GW, down from 1.96GW the week prior.
- Nuclear generation in France was at 38.80GW up from 37.7GW in week 28 – easing some pressure on hydro stocks.
- Forecasts suggested precipitation in France will be below the seasonal norm of around 1.6mm over the majority of the days from 28 July-4 August – only slightly being above over 31 July, latest ECMWF forecast show. This could weigh down hydro stocks in the region.
- But France’s hydrological balance is still forecast to remain strong at between +3,179-3,422GWh over 26 July- 10 August.
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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