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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
Average net Norwegian-UK power flows have fallen by around 11% so far in August from their 2024 high in July, with net flows down by 5% on the year, according to data from Entso-E.
- Average net Norwegian-UK power flows are at 1.25GW so far in August, down from 1.41GW in July and 1.28GW in June.
- In August 2023, average net flows were at 1.31GW.
- Average prices in Norway’s NO2 bidding zone – where the UK-NO power link is located – were at €46.23/MWh over 1-21 August compared to €36.06/MWh in July, N2EX shows.
- This compares to €71.84/MWh averaged on the UK spot in August from €82.42/MWh in the previous month – narrowing the NO-UK discount by almost half and increasing power flows from the UK-NO.
- Finnish nuclear generation has averaged around 3.65GW over 1-19 August compared to 4.09GW in July and compared to 3.54GW in August 2023.
- In Sweden, Nuclear output has averaged around 6GW so far in August, up from 4.88GW in July and 4.50GW in 2023.
- Norwegian onshore wind output also rose on the month, averaging 1.37GW over 1-19 August compared to just 847MW in 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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