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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.
POWER
Switzerland’s hydropower reserves last week surged by 10.6 percentage points to 53.2% of capacity as of 24 June, switching to a surplus to the five-year and long-term averages, as heavy precipitation boosted inflows into reserves, BFE data showed.
- Stocks saw the largest weekly increase so far this year of 10.6 points, up from 7 points the week before.
- Reserves rose to a surplus to the five-year average of 1.2 percentage points last week, compared to being at a discount of 3.3 points the week prior.
- Swiss power demand last week averaged 6.36GW, down from 6.42GW the week before.
- Hydropower generation in Switzerland last week increased by 1.04GW to 4.09GW.
- This is despite six of Axpo’s hydropower plants shutting down in recent days after being affected by floods.
- Nuclear generation last week rebounded by 370MW to 1.75GW. Planned works at the 1.02GW Goesgen nuclear are scheduled to end today 12:30CET following spring maintenance.
- Forecasts suggested precipitation in Sion – in the hydro-intensive canton of Valais – will be below the seasonal normal for the remainder of this week, with some precipitation of 7.6mm expected on Sunday.
- Snowpack at the L'Ecreuleuse measuring station in canton Valais – where most Swiss hydropower reserves are stored – was at 145cm on 26 June, down from 188cm on 19 June.
- The Swiss July power base-load contract closed yesterday at €54.44/MWh.
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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