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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 rose at the quickest pace in three weeks at 3.1 percentage points last week to 81.9% of capacity as of 28 August, driven by higher precipitation, BFE data show.
- Stocks narrowed the deficit to the five-year average to 1.8 percentage points, compared with 3.2 percentage points a week earlier.
- Hydro reserves also narrowed the deficit to the long-term average – since 1997 – by 1.3 percentage points on the week to 3 percentage points.
- Overall hydropower output last week showed an increase, partly because a dip in nuclear generation. Generation from hydro reservoirs rose by 427MW week on week to 2.05GW, Entso-E data show.
- High precipitation at the end of the week supported inflows into reserves.
- Latest weather forecasts suggested high precipitation in Sion – canton Valais where 45% of the reserves are located – at the beginning of this week, which could further support stocks to rise 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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