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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 0.7 percentage points last week to 85.3% of capacity as of 10 October, narrowing the surplus to the five-year average, NVE data showed.
- Stocks slowed down the week-on-week increase from 1.8 percentage points the week prior.
- The surplus to the five-year average narrowed to 6.7 points last week, down from 7.09 points the week before.
- Norwegian hydropower output rose on the week. Output from pumped storage increased by 534MW on the week to 11.23GW. Wind output edged on the week to 1.5GW, down by 252MW on the week, Entso-E data show.
- Forecasts suggest some precipitation in the hydro-intensive region of Vestland for this week. However, temperatures are expected to fall below 0°C, meaning some precipitation could fall as snow and limit 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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