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ELECTRICITY
Swiss hydropower reserves last week fell by 0.7 percentage points to 86% of capacity as of 9 October, switching back to a deficit to the five-year average, BFE data show.
- Hydro stocks in Switzerland typically peak around September/October.
- Hydropower stocks switched to a deficit of 0.4 percentage points to the five-year average last week, compared with a surplus of 0.6 points the week earlier.
- Stocks also switched to a deficit to the long-term average since 1997 last week of 0.3 points, compared with a surplus of 0.2 points the week before.
- Reserves declined at the fastest pace in the canton of Graubunden – where around 25% of the country’s hydro stocks are located – by 1.1 points to 88.2% of capacity.
- Hydropower output declined week on week, while nuclear output also edged lower. Production from hydro reservoirs declined by 495MW on the week to 1.33GW. Nuclear output edged down by 79MW to 2.89GW, Entso-E data showed.
- Forecasts in Sion suggest wetter weather from this weekend, but drier weather at the start of the week could limit 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.
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