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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 declined for the first time since early May last week to 78.7% of capacity as of 5 September, down by 0.6 percentage points on the week, NVE data showed.
- Hydro stocks also narrowed the surplus to the five-year average to 4.82 percentage points, down from 5.10 percentage points the week prior but still well above levels seen so far this year.
- Hydropower output from reservoirs last week was down by 324MW on the week to 12.87GW, Entso-E data showed, but limited precipitations weighed on inflows into reserves. Forecasts suggest low precipitation for this week, which could further weigh on stockbuild.
- Latest forecasts suggest a small upward revision in onshore wind forecasts for this week to 793MW to 1.11GW during base-load hours, however, wind output still remains seasonally low.
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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