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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 reserves last week – week 31 – declined to 86.6% of capacity, or 3.109TWh, down by 0.45 percentage points on the week, RTE data showed.
- Reservoir levels narrowed the surplus to the five-year average to 10.18 points, down from 11.22 points the week before. Stocks remained 3.45 points above 2023 levels.
- French power demand averaged 43.41GW last week, up from 42.68GW the week before.
- French hydropower output from reservoirs last week was broadly stable on the week at 1.57GW.
- Nuclear generation last week was also broadly stable at 40.41GW.
- Combined onshore and offshore wind output edged down by 127MW on the week to 2.42GW, while solar PV output edged higher by 151MW to 4.45GW, Entso-E data showed.
- Looking forward, precipitation in the hydro-intensive region of Grenoble is forecast to be low this week, unlikely to support inflows into reserves.
- The latest ECMWF weather forecast suggested mean temperatures in Paris this week will remain above or in line with the seasonal normal, likely to support further demand for cooling.
- France’s hydrological balance is forecast to decline this week but to increase from the start of next week, ending on 20 August at balance of around 2,818GWh.
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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