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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 declined by 1.4 percentage points last week to 71.3% of capacity as of 8 January, widening the surplus to the five-year and long-term averages, BFE data showed.
- Stocks widened the surplus to the five-year average to 9.6 points, from 8.2 points the week earlier.
- The surplus to the long-term average – since 1997 – widened by 1.8 points on the week to 15 points.
- High snowfall already this year may limit Swiss power imports this quarter, while solid snowpack could see support power exports in the second quarter of this year.
- Snowpack at the L'Ecreuleuse measuring station in canton Valais was 288cm on 4 January — up from 132cm in 2022 — and already above the maximum recorded in the first quarter of 2023. A total of 143cm of snow fell over the seven days to 4 January, and strong snowpack levels in canton Valais may boost Swiss hydropower generation in the second quarter once snowmelt begins, supporting exports.
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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