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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.
POWER
Spain’s hydropower reserves last week declined for the sixth consecutive week to 61.8% of capacity, down from 62.7% of capacity the week before according to data from Spain’s Environmental Ministry.
- Spanish hydropower output last week declined by 709MW on the week to 3.42GW.
- Nuclear generation last week was stable at 6.99GW.
- Renewables output rebounded last week. Solar PV output increased to 8.54GW, from 6.81GW in the week prior. Onshore wind output increased by 929MW on the week to 6.13GW.
- Gas-fired generation last week decreased by 637MW to 3.67GW – the lowest since the week in mid-June.
- Spanish power demand last week rose to 26.98GW, up from 26.44GW the week before.
- Looking ahead, power demand in Spain this week is forecast to peak at 33.49GW on Thursday, up from a peak of 31.7GW forecasts for the week prior.
- The latest 6-10 days ECMW operational forecast suggested max temperatures in Madrid are forecast to soar to 36.5C on Thursday and are forecast to reach as high as 43C later this month.
- The hydro-intensive region of Huesca has seen little precipitation so far this week. However, precipitation is forecast to pick up on 10-13 July to reach 2.73mm – which is above the seasonal normal.
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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