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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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POWER: Jao FR-DE Implied Spread Slightly Higher Than Current Market
Allocated capacity in the French-German direction in the September CBC Jao auction almost halved on the month, with the Jao FR-DE auction price spread at €19.50/MWh compared to the current exchange spread of €18.95/MWh.
- For September delivery in the France-German direction, all 185MW of offered capacity has been allocated at €22.08/MWh
- This compares to August, when 319MW of 320MW of offered capacity sold at €25.50/MWh.
- In the other direction, 415MW of offered capacity sold at €2.58/MWh compared to 414MW allocated at €1.60/MWh for August delivery.
- Germany September power base load is currently trading at €90.60/MWh, holding a €18.95/MWh premium to the French market at the time of writing.
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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.