Free Trial
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
Spanish hydropower reserves last week declined for the fifth consecutive week to 62.7% of capacity, down from 63.7% the week before according to data from Spain’s Environmental Ministry. But heavy rainfalls in northern Spain could support inflows into reserves this week.
- Spanish hydropower output last week was broadly stable on the week at 4.13GW, compared with 4.05GW the week before.
- Nuclear generation last week was stable at 6.99GW.
- Solar PV output last week declined by 787MW to 6.81GW. Onshore wind output increased by 304MW to 5.2GW last week.
- Gas-fired generation last week rose by 492MW to 4.31GW.
- Spanish power demand last week rose to 26.44GW, up from 25.46GW the week before.
- Looking ahead, power demand in Spain this week is forecast to peak at 31.7GW this week on Thursday, up from a peak of 31.13GW forecasted for last week.
- The latest 6-10 days ECMW operational forecast suggested mean temperatures in Madrid are currently forecast below the seasonal norm until 3 July, after which temperatures are forecast to rise well above normal throughout the forecast period. Maximum temperatures in Madrid are forecast to reach 38C on 5 July, spurring cooling demand expectations.
- The hydro-intensive region of Huesca will see heavy precipitation at the end of this week on 6-7 July with rainfall to reach 16.48mm, supporting inflows into reserves.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok