Free Trial
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
Nordic hydro stocks over 6-12 May (week 19) continued their climb from the previous week to increase the fastest for any week so far this year, with reservoir levels rising in all Nordic countries.
- Hydro reservoir level up to 30.7%, or about 38.92TWh, from 26.3%, or 33.35TWh in week 18. This is the highest reservoir levels have been since week 11 of this year, when they stood at 30.6% of capacity.
- On the year, hydro stocks are up 2.5 percentage points – the highest year-on year comparison so far in 2024.
- But reservoir levels widened their deficit to the 19-year avg to 6.1 percentage points from 5.1 in the previous week, although the surplus to 19-year min widened to 11.2 percentage points from 8.9 percentage points.
- Swedish hydro stocks rose to 24.6% of capacity from 19,7% in week 18, with Norwegian and Finnish stocks reaching 31.8% and 50.2%, respectively from 27.7% and 44.3%.
- Nuclear capacity in the Nordic region will rise by 1.6GW this week as Finland’s 1.6GW Olkiluoto 3 nuclear power plant is still anticipated to return on 15 May.
- But Swedish utility Vattenfall has delayed the start of their 1.11GW Forsmark 2 nuclear reactor by 4 days to 22 May, according to latest Remit data.
- Power demand could be lower in the region as temperatures in NW Europe are expected to hold above normal throughout the two-week forecast.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok