MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Nordic Front Month Rebounds

POWER

The Nordic front month baseload power contract is currently trading higher this morning, rebounding from Wednesday’s close, amid several nuclear start-up delays announced yesterday, with prices in the German market adding additional support. But gas prices are trading lower- albeit range-bound-, which could weigh down the contract during Thursday’s trading session.

  • Nordic M1 24 Baseload power contract up 4.33% at €34/MWh.
  • TTF M1 24 down 0.16% at €29.685/MWh.
  • TTF front month is ranging with stable supplies and muted demand amid mild temperatures but with support from ongoing concern for supply via Ukraine.
  • Finnish nuclear plant operator Teollisuuden Voima Oyj (TVO) extended the outage at its 1.6GW Olkiluoto 3 (OL3) nuclear power plant to 16 May on Wednesday, latest Remit data show. The unit is still expected to return to the grid tomorrow, at around 1.57GW of capacity.
  • Swedish utility Vattenfall also delayed the start of their 1.11GW Forsmark nuclear reactor by 4 days to 22 May, according to latest Remit data.
  • The 1.08GW Ringhals unit 3 shut down on 15 May for planned maintenance, with works expected to last until 29 June.
  • Norway’s 163MW Songkjolen and Engerfjellet onshore wind farm unexpectedly shut down today due to blade damages, with its capacity curtailed by 125MW until 1 July.
  • The 1.45GW power link between the UK-Denmark will be off line between 18-22 June for planned maintenance.
  • Closer in, wind output in Norway is forecasts between 26-27% load factors, or 1.38-1.42GW over 17-18 May, before rising between 30-37% load factors, or 1.56-1.92GW over 19-20 May.
    • Homepagemarkets-real-timeBulletPower Bullets
    Homepagemarkets-real-timeBulletPower Bullets

    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.