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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 33 – were again broadly stable at 86.52% of capacity, or 3.107TWh, widening the surplus to the five-year average and 2023 levels, RTE data showed.
- Reservoir levels widened the premium to 2023 levels to 6.6 percentage points, u from 4.9 points the week prior.
- The surplus to the five-year average also widened to 11 points, up from 10.5 points the week before.
- French power demand declined to an average of 39.73GW last week, down from 41.26GW the week before.
- Generation from French hydro reservoirs edged down by 110MW last week to 1.3GW. Output from pumped storage fell by 168MW to 1.24GW, while run-of-river generation as broadly stable at 3.79GW.
- Nuclear generation last week declined by 2.16GW on the week to 37.44GW.
- Combined onshore and offshore wind output last week edged down by 330MW to 2.65GW. Solar PV output last week declined by 864MW to 3.66GW.
- Looking forward, the latest weather forecast suggested no precipitation in the hydro-intensive region of Grenoble this week.
- The latest ECMWF weather forecast suggested mean temperatures in Paris are forecast to remain below the seasonal normal until 23 August after which temps will rise back above normal. Temperatures in the south, Marseille, are forecast above normal this week with max temperatures reaching 33C this week.
- France’s hydrological balance is forecast to decline this week to around 2.77TWh as of the end of this week, down from 3.12TWh on Sunday 18 August.
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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