MNI China Press Digest March 6:Liquidity, Trade-In, Investment

MNI: Fed's Perli Flags Repo Volatility Risk Around Debt Limit

MNI BRIEF: Fed Contacts See Higher Prices Due To Tariffs

US: Trump To Meet Hardliners At White House, Advocate For Year-Long Funding Bill

MNI CBRT WATCH: Feb Data Supports 250Bps Cut, Slowdown Seen

MNI BRIEF: China New CPI Target Reflects Downward Pressure

MNI: AUSTRALIA JAN BUILDING APPROVALS +6.3% M/M, +21.7% Y/Y

MNI:AUSTRALIA JAN TRADE BALANCE A$+5620

MNI: AUSTRALIA FEB DWELLING APPROVALS +6.3% M/M

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Nordic Feb Climbs for Third Session on Drier Outlook, Temps

POWER
BulletPower BulletsEnergy BulletsCommodities

The Nordic February is trending up for the third consecutive session as temperature forecasts in the Nordic region point to cooler weather towards the end of the month to flip below the seasonal average on 23 January into negative territory. A weakened hydro balance in Norway and Sweden is also contributing to the rise, with gains in German power also supporting.

  • Nordic Base Power FEB 25 up 6.7% at 40 EUR/MWh
  • France Base Power FEB 25 up 0.8% at 97.99 EUR/MWh
  • Germany Base Power FEB 25 up 2.3% at 105.1 EUR/MWh
  • EUA DEC 25 up 1% at 77.7 EUR/MT
  • TTF Gas FEB 25 down 0.1% at 46.9 EUR/MWh
  • The Norwegian hydro balance is expected lower over 25-29 January, with the balance revised down by as much as 600GWh on 28 January. The balance anticipated at +8.62TWh on 29 January compared to +9.17TWh previously estimated.
  • It is important to note that this is also a sharp drop from the balance on 15 January at +12.37TWh.
  • Sweden’s hydro balance is expected at +5.30TWh on 29 January compared to +5.46TWh in the previous estimate.
  • Rainfall in the Nordics over 15-29 Jan will see below-normal precipitation, with most days expected to record around 0mm of rainfall - limiting flows in the reservoirs.
  • And average temperatures in the region will flip below the seasonal average of around -2.4C on 23 January to be at -4.9C and are seen dropping to as low as -5.45C the next day. Average temps will remain below the 30-year norm until 30 January.
  • Closer in, Norwegian wind is forecasted at 2.52GW on 16 January, or a 48% load factor – up from the 2.20GW forecast for today – which could weigh on delivery.
  • Nordic nuclear availability was at 89% capacity on Wednesday morning, up from 88% on Tuesday, according to Bloomberg. 10 of 11 units are still online.
296 words

To read the full story

Close

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.

The Nordic February is trending up for the third consecutive session as temperature forecasts in the Nordic region point to cooler weather towards the end of the month to flip below the seasonal average on 23 January into negative territory. A weakened hydro balance in Norway and Sweden is also contributing to the rise, with gains in German power also supporting.

  • Nordic Base Power FEB 25 up 6.7% at 40 EUR/MWh
  • France Base Power FEB 25 up 0.8% at 97.99 EUR/MWh
  • Germany Base Power FEB 25 up 2.3% at 105.1 EUR/MWh
  • EUA DEC 25 up 1% at 77.7 EUR/MT
  • TTF Gas FEB 25 down 0.1% at 46.9 EUR/MWh
  • The Norwegian hydro balance is expected lower over 25-29 January, with the balance revised down by as much as 600GWh on 28 January. The balance anticipated at +8.62TWh on 29 January compared to +9.17TWh previously estimated.
  • It is important to note that this is also a sharp drop from the balance on 15 January at +12.37TWh.
  • Sweden’s hydro balance is expected at +5.30TWh on 29 January compared to +5.46TWh in the previous estimate.
  • Rainfall in the Nordics over 15-29 Jan will see below-normal precipitation, with most days expected to record around 0mm of rainfall - limiting flows in the reservoirs.
  • And average temperatures in the region will flip below the seasonal average of around -2.4C on 23 January to be at -4.9C and are seen dropping to as low as -5.45C the next day. Average temps will remain below the 30-year norm until 30 January.
  • Closer in, Norwegian wind is forecasted at 2.52GW on 16 January, or a 48% load factor – up from the 2.20GW forecast for today – which could weigh on delivery.
  • Nordic nuclear availability was at 89% capacity on Wednesday morning, up from 88% on Tuesday, according to Bloomberg. 10 of 11 units are still online.