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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
Germany has increased its net import position to the Netherlands so far in July from the previous month to reach a fresh high so far this year as German PV has slightly decreased, while gas and lignite-fired generation has remained firm. This trend could continue into August as the German front-month contract is at a small premium to the Dutch equivalent.
- German-Dutch net imports have averaged around 585MW over 1-16 July from net imports of around 473MW in June – which was inline with the previous high set in April.
- Germany has only been a net exporter between the hours of 00:00-03:00 CET, with the country flipping back to a net importer for the remaining hours of the day. The highest Dutch imports are seen in the midday (see chart).
- PV output in Germany has averaged about 12GW so far this month, down from 12.5GW in June – which was the highest so far this year.
- Gas generation has remained firm on the month, averaging 3.7GW in July compared to 4.44GW. Lignite output stood at about 7GW compared to 7.3GW across June.
- And onshore and offshore wind have risen to an average of about 9.6GW and 3.02GW, respectively, in July - from 7.8GW and 2.1GW in June.
- Germany could remain at its net import position going into August as the German August power contract closed at €2.57/MWh premium to the Netherlands on 15 July.
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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