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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.
ELECTRICITY
Swiss hydropower reserves increased quicker last week by 2.8 percentage points to 87.4% of capacity, or 7.78TWh, as of 25 September, switching to a surplus to the five-year and long-term averages, BFE data show.
- Hydro stocks switched to a surplus of 1.9 percentage points to the five-year average last week, compared to a deficit of 0.8 points the week prior. Levels also moved 0.5 points above the long-term average – since 1997 – compared with a deficit of 2.6 points the week before.
- Reserves saw a weekly increase of 2.8 percentage points, after no change in the week prior, driven by high precipitation in hydro intensive regions.
- The Alpine hydrological balance for Switzerland, France, Germany and Austria stood at a deficit as of 22 September and was eyed to further decline in the coming weeks according to Bloomberg data.
- Forecasts for little precipitation in the region of Sion – canton Valais where 45% of all hydro reserves are stored – could limit inflows into reserves this week.
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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