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Free AccessNorway’s Hydro Stocks Widen Surplus To Average To Highest This Year
Norwegian hydropower reserves increased by 3.8 percentage points on the week to 77.6% of capacity, or 67.77TWh, as of 15 August, widening the surplus above the seasonal norm to the highest so far this year, NVE data showed.
- Hydropower stocks widened the surplus to the five-year average to 4.73 percentage points, compared with 1.56 percentage points a week earlier. Stock stood above the seasonal norm for the fifth consecutive week.
- Overall hydropower output declined last week on the week. Hydro pumped storage output rose by 21MW to 57MW, while hydro run-of-river generation increased by 177MW to 3.66GW. Average hydro water reservoir output declined by 1.33GW to 8.43GW. At the same time, onshore wind output rose by an average of 790MW to 1.51GW, data from Entso-E showed.
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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.