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ELECTRICITY
Norwegian hydropower reserves declined by 2.5 percentage points last week to 83.6% of capacity, the lowest level in five weeks as of 31 October, NVE data showed.
- Stocks narrowed the surplus to the five-year average to 2.9 percentage points, compared with a surplus of 6.26% points the week earlier.
- Hydropower output in Norway increased on the week. Output from reservoirs rose by 3.64GW to 14.6GW. Onshore wind production fell by 1.01GW on the week to 1.32GW, Entso-E data showed.
- Weather forecasts suggest some precipitation in the hydro-intensive region of Vestland, however, temperatures below 0°C could mean some precipitation could fall as snow, limiting inflows into reserves.
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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