Free Trial

POWER: Swiss Hydro Stocks Decline for Ninth Consective Week

POWER

Swiss hydropower reserves last week – calendar week 51 – declined for the ninth consecutive week to be at 54% of capacity, however, the fall slowed from the previous week, BFE data showed.

  • Reserves widened the deficit to the five-year average to 12.2 points last week from 10.8 points the week before.
  • Stocks also widened the deficit to the long-term average – since 1997 – last week to 7 points from 6.1 points the week before.
  • Power demand in Switzerland last week fell to an average of 8.25GW from 8.56GW the week before.
  • Swiss hydropower generation from pumped storage last week fell by 418MW to 628MW. Output from reservoirs declined by 735MW to 1.33GW while run-of-river generation was at 171MW down from 197MW.
  • Nuclear generation in Switzerland was stable last week at 2.96GW.
  • The L'Ecreuleuse measuring point saw 40cm of new snow in the past seven days, up from 18cm in the previous week, White Risk data showed.
  • There was around 27.93mm of precipitation in the hydro-intensive region of Sion last week, up compared to none the week prior.
  • Looking ahead, the latest Bloomberg 6-10 day ECMWF weather forecast for this week suggested Sion have basically 0mm of rain until 2 January, with precipitation expected to reach between 0.3-7.5mm over 3-7 January.
  • The latest Swiss hydro balance is forecast to end at -2.8TWh on 8 January, revised up slightly from -2.84TWh for the same day.






     

    image
226 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 51 – declined for the ninth consecutive week to be at 54% of capacity, however, the fall slowed from the previous week, BFE data showed.

  • Reserves widened the deficit to the five-year average to 12.2 points last week from 10.8 points the week before.
  • Stocks also widened the deficit to the long-term average – since 1997 – last week to 7 points from 6.1 points the week before.
  • Power demand in Switzerland last week fell to an average of 8.25GW from 8.56GW the week before.
  • Swiss hydropower generation from pumped storage last week fell by 418MW to 628MW. Output from reservoirs declined by 735MW to 1.33GW while run-of-river generation was at 171MW down from 197MW.
  • Nuclear generation in Switzerland was stable last week at 2.96GW.
  • The L'Ecreuleuse measuring point saw 40cm of new snow in the past seven days, up from 18cm in the previous week, White Risk data showed.
  • There was around 27.93mm of precipitation in the hydro-intensive region of Sion last week, up compared to none the week prior.
  • Looking ahead, the latest Bloomberg 6-10 day ECMWF weather forecast for this week suggested Sion have basically 0mm of rain until 2 January, with precipitation expected to reach between 0.3-7.5mm over 3-7 January.
  • The latest Swiss hydro balance is forecast to end at -2.8TWh on 8 January, revised up slightly from -2.84TWh for the same day.






     

    image