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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.
ELECTRICITY
Norwegian hydropower reserves rose by 0.5 percentage points last week to 79.2% of capacity as of 29 August, narrowing the surplus to the five-year average to 5 percentage points, NVE data showed.
- In the week prior, stocks stood 5.06 percentage points above the five-year average.
- Hydropower reserves in the NO1 region rose back above 100% to 101.5% last week, compared with a capacity of 99.8% the week prior.
- Overall hydropower output increased on the week. Hydropower output from reservoirs rose by 1.106GW on the week to an average of 13.19GW.
- Latest forecasts show little precipitation in Norway for the remainder of this week, limiting inflows into reserves.
- Onshore wind power generation is forecast to remain below load factors of 20% during base-load hours for the remainder of this week, which could support some hydropower output.
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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