MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Swiss Hydro Stocks Flip to Surplus to Long-Term Average

POWER
BulletPower BulletsEnergy BulletsCommodities

Swiss hydropower reserves last week – calendar week 41 – increased by 3.1 percentage points to 85.7% of capacity, the highest level so far this year, while switching back to a surplus to the long-term average, BFE data showed. 

  • Stocks decreased by 0.4 points the week before.
  • Reserves narrowed the deficit to the five-year average to 0.2 points, compared with 4.1 points the week before.
  • Stocks switched to a surplus to the long -term average – since 1997 – to 0.4 points, compared to a deficit of 3.7 points the week before.
  • Swiss hydropower reserves peaked between early October and early November in the past five years.
  • Swiss hydropower generation from pumped storage last week increased by 404MW to 1.26GW. Run-of-river generation was broadly stable last week at 363MW, while output from reservoirs increased by 348MW to 1.53GW.
  • Nuclear generation in Switzerland was broadly stable last week at 2.56GW – the lowest weekly level in eight weeks.
  • Axpo’s 365MW Beznau 1 nuclear reactor is currently undergoing planned maintenance until 21 October. Works started on 28 September.
  • Power demand in Switzerland last week increased to 6.86GW, compared with 6.38GW the week before, as cooler weather has lifted heating demand.
  • Precipitation last week in the hydro-intensive region of Sion last week stood a 161mm, well above the 30-year normal of 36.3mm.
  • Looking ahead, the latest 6-10 day ECMWF weather forecast for Zurich suggested mean temperatures well above the seasonal normal this week, limiting demand for heating.
  • Milder weather in Sion this week is further limiting snowfall in Switzerland’s hydro intensive regions. The L'Ecreuleuse measuring point saw 6cm of new snowfall in the past seven days.
  • Forecasts for this week suggested precipitation in Sion will total 68mm this week, above the seasonal average of 29.9mm.
  • The latest Swiss hydrobalance is forecast to remain positive until at least the end of October. The balance is forecast to end this week at +2.71TWh, slightly revised up on the day from 2.64TWh. 
     
323 words

To read the full story

Close

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.

Swiss hydropower reserves last week – calendar week 41 – increased by 3.1 percentage points to 85.7% of capacity, the highest level so far this year, while switching back to a surplus to the long-term average, BFE data showed. 

  • Stocks decreased by 0.4 points the week before.
  • Reserves narrowed the deficit to the five-year average to 0.2 points, compared with 4.1 points the week before.
  • Stocks switched to a surplus to the long -term average – since 1997 – to 0.4 points, compared to a deficit of 3.7 points the week before.
  • Swiss hydropower reserves peaked between early October and early November in the past five years.
  • Swiss hydropower generation from pumped storage last week increased by 404MW to 1.26GW. Run-of-river generation was broadly stable last week at 363MW, while output from reservoirs increased by 348MW to 1.53GW.
  • Nuclear generation in Switzerland was broadly stable last week at 2.56GW – the lowest weekly level in eight weeks.
  • Axpo’s 365MW Beznau 1 nuclear reactor is currently undergoing planned maintenance until 21 October. Works started on 28 September.
  • Power demand in Switzerland last week increased to 6.86GW, compared with 6.38GW the week before, as cooler weather has lifted heating demand.
  • Precipitation last week in the hydro-intensive region of Sion last week stood a 161mm, well above the 30-year normal of 36.3mm.
  • Looking ahead, the latest 6-10 day ECMWF weather forecast for Zurich suggested mean temperatures well above the seasonal normal this week, limiting demand for heating.
  • Milder weather in Sion this week is further limiting snowfall in Switzerland’s hydro intensive regions. The L'Ecreuleuse measuring point saw 6cm of new snowfall in the past seven days.
  • Forecasts for this week suggested precipitation in Sion will total 68mm this week, above the seasonal average of 29.9mm.
  • The latest Swiss hydrobalance is forecast to remain positive until at least the end of October. The balance is forecast to end this week at +2.71TWh, slightly revised up on the day from 2.64TWh.