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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
Settled prices on the cross-border capacity (CBC) auction for delivery in June on the Joint Allocation Office (JAO) on the Swiss-Austrian border flipped to a premium compared to the previous month, data from JAO show.
- All 275MW of offered capacity in the Swiss-Austrian direction was allocated at €4.85/MWh compared to €1.41/MWh also for 275MW for May delivery.
- In the other direction, 178MW of offered capacity was allocated at €3.05/MWh, down from May delivery when 178MW went for €6.27/MWh.
- This switched the inferred Austrian-Swiss spread, with Austria now at a €1.80/MWh discount compared to a €4.86/MWh premium for May delivery.
- Switzerland has remained at a slight net import position to Austria so far in May at around 4MW, sharply down from 131MW in April and 444MW in March – the yearly high.
- Austria’s June power contract closed at a €4.77/MWh premium to the Swiss equivalent on 20 May, down from the high of €7.86/MWh on 17 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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