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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
Italian hydropower reserves further declined for the seventh consecutive week last week – calendar week 35 – to 3.24TWh, down from 3.34TWh the week before, Entso-E data showed.
- Reservoir levels declined by 0.10TWh last week, compared with a weekly decline of 0.09TWh the week prior.
- Stocks widened their deficit to the 5-year average to 0.13TWh, down from 0.07TWh the week prior.
- And reservoir levels were 0.30TWh below 2023 levels, compared with 0.11TWh the week before.
- Power demand in Italy averaged 35.44GW last week, up from 30.81GW the week before.
- Demand surged as high as 49.5GW last week – the highest since 2 Aug – due to high cooling demand, Terna data showed.
- Run of river generation last week declined by 331MW to 3.79MW. Output from pumped storage edged higher by 68MW to 569MW, while output from reservoirs was broadly stable at 635MW.
- Italian gas-fired generation last week rebounded by 4.07GW to 14.77GW.
- Solar PV output last week edged lower by 123MW to 4.35GW. Wind output increased by 397MW to 1.56GW.
- Precipitation Torino last week totalled 79.25mm – well above the seasonal normal of 5.63mm.
- Looking forward, ECMWF weather forecasts for Torino – close to Italy’s hydro-intensive region – continue to suggest above normal precipitation to total 67.96mm this week, compared with the seasonal normal of 7.35mm.
Italy’s hydrobalance is forecast to end this week negative at -2.86TWh. The balance is forecast to remain negative until at least 19 Sept.
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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