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Free AccessSwiss Hydro Stocks Widen Surplus to 5-Year Average to Highest Since June
Swiss hydropower reserves were stable on the week at 86.5% as of 20 November, widening the surplus to the five-year average to the highest level since early June, BFE data showed.
- The surplus to the five-year average widened to 5.8 percentage points last week, up from 3.6 points the week prior.
- Stocks also widened the surplus to the long-term average since 1997 to 10 points, up from 7.2 points the week prior and the highest level since mid May.
- Hydropower output rose last week. Output from reservoirs edged higher by 67MW on the week to 1.3GW, Entso-E data showed.
- Forecasts suggest little precipitation in the region of Sion – in the hydro-intensive canton of Valais – with temperatures below zero limiting inflows into reserves.
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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.