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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
Swiss hydropower reserves last week declined by 1.2 percentage points to 83.6% of capacity as of 2 September, marking the first decline since the week ending 5 May amid below normal precipitation and higher hydropower generation due to higher demand, BFE data showed.
- Stocks rose by 1.2 points the week prior.
- Reserves flipped to a deficit of 0.9 points to the five-year average, compared with a surplus of 1.2 points the week before.
- Stocks also switched to a deficit to the long-term average – since 1997 – of 2.5 points, after being in line with the average the week prior.
- Swiss power demand last week averaged 6.72GW, up from 6.56GW the week before.
- Nuclear generation in Switzerland last week edged higher by 107MW on the week to 2.86GW.
- Swiss hydropower generation last week increased to 3.51GW, up from 2.85GW the week prior, driven by higher output from reservoirs.
- Precipitation last week in the hydro-intensive region of Sion totalled 3.3mm, compared with the 30-year normal of 38.03mm.
- Looking ahead, forecasts for this week suggested precipitation in Sion will rise above normal to total 42.33mm, compared with the seasonal normal of 38.97mm.
- The Swiss hydrobalance is forecast to be improving and to end this week +280GWh according to Bloomberg.
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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