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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.
POWER
France’s hydropower reserves last week – week 34 – edged up slightly to 86.86% of capacity, or 3.119TWh, widening the surplus to 2023 levels to the highest since week 7 of this year, RTE data showed.
- Reservoir levels widened the premium to 2023 levels to 8 percentage points, up from 6.6 points the week prior. Levels have now widened on year for the fifth consecutive week.
- And the surplus to the five-year average also rose to 11.9 points from 11 points the week before.
- French power demand increased to an average of 40.26GW last week from 39.73GW the week before.
- Nuclear generation last week declined to 35.98GW over week 34 compared to 37.44GW in week 33 – which noted around a 2GW on week decline at the time.
- Looking forward, the latest weather forecast suggested no precipitation in the hydro-intensive region of Grenoble this week.
- France’s hydrological balance is forecast to rise this week to around 1.67TWh as of the end of this week and will climb to reach 2.12TWh on 11 September.
- And EdF’s 910MW Gravelines 4 and Bugey 3 reactors are still anticipated to return on 31 August and 1 September, respectively – increasing baseload generation.
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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