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ELECTRICITY
Norwegian hydropower reserves last week increased by 1.80 percentage points to 84.6% of capacity as of the end o last week, further widening the surplus to the five-year average, NVE data showed.
- Stocks slowed the weekly increase from 3.9 points a week earlier, weighed on by higher hydropower output on the week.
- The surplus to the five-year average widened to 7.09 percentage points, compared with 6.64 points the week prior and the highest surplus s far this this year.
- Hydropower generation in Norway last week increased. Output from hydro reservoirs rose by 771MW on the week to 10.69GW. Onshore wind and gas output dipped slightly on the week, Entso-E data showed.
- Forecasts suggest precipitation in the hydro-intensive Vestland region this week which could support 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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