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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 last week rose sharply by 3.9 percentage points to 82.8% of capacity as of the end of last week, widening the surplus to the five-year average to the highest level so far this year, NVE data show.
- Stocks widened the surplus to the five-year average to 6.64 percentage points in the past week, up from 3.81 points the week prior.
- High precipitation last week supported inflows into reserves.
- Norwegian hydropower output has fallen last week. Production from hydro reservoirs declined by 1.51GW week on week to 9.9GW. Onshore wind output last week rose by 586MW to 1.79GW, while gas-fired generation was stable on the week, Entso-E data show.
- Forecasts suggest an uptick in wind power output for this week and while wet weather in the hydro-intensive is also expected to continue, which could further 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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