Free Trial

What to Watch: EUA EU Auction, Swiss Hydro, Nordic Hydro, Spanish Hydro

POWER
  • The EUA EU Primary Auction CAP 3 will end on 28 May at 11:00 CET. The last auction cleared at an auction price of €74.90/ton CO2e at a cover ratio of 1.31.
  • In the previous week, Swiss hydropower reserves rose by 4.1 percentage points last week to 23.7% of capacity as of 20 May, narrowing the deficit to the five-year average to the lowest in three weeks, BFE data showed.
  • And Nordic hydro stocks over 13-19 May (week 20) rose to their highest since week 7 of this year, with Finnish stocks climbing to a new yearly high, while Norwegian and Swedish reservoir levels rose to the highest in weeks.
  • And previously, Spanish hydro stocks remained unchanged on the week for the second consecutive week over 13-19 May as domestic hydro output slightly fell week-on-week, with PV and wind output remaining firm.

139 words

To read the full story

Close

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.
  • The EUA EU Primary Auction CAP 3 will end on 28 May at 11:00 CET. The last auction cleared at an auction price of €74.90/ton CO2e at a cover ratio of 1.31.
  • In the previous week, Swiss hydropower reserves rose by 4.1 percentage points last week to 23.7% of capacity as of 20 May, narrowing the deficit to the five-year average to the lowest in three weeks, BFE data showed.
  • And Nordic hydro stocks over 13-19 May (week 20) rose to their highest since week 7 of this year, with Finnish stocks climbing to a new yearly high, while Norwegian and Swedish reservoir levels rose to the highest in weeks.
  • And previously, Spanish hydro stocks remained unchanged on the week for the second consecutive week over 13-19 May as domestic hydro output slightly fell week-on-week, with PV and wind output remaining firm.