All-time low Swiss hydro reservoirs

Critical levels can be reached this winter

In our blog of January 16th, we focused on the very low hydrological balance across the CWE region. The hydrological deficit is still about
20 TWh lower than normal which may result in nearly 5000 MW reduced hydropower (- 25%) during May-July.

In this blog post, we will focus on the hydropower situation in Switzerland. Continue reading All-time low Swiss hydro reservoirs

Spiking SEE spot prices and extremely low hydropower levels

Spot prices are currently increasing heavily in the SEE area as the hydropower situation is getting extremely scarce these days. The weather outlooks are dry too, so this situation will at least persist towards the first part of February. We already published a blog story of the situation and focused on hydrology/hydropower and market prices (Spot/FWD). Continue reading Spiking SEE spot prices and extremely low hydropower levels

Outlooks for CWE hydropower production 2017 strongly reduced due to low snowlevels

In our blog of Dec 16th, we focused on the extremely low snow levels in the Alps. In some locations, it has been observed close to all-time low snow levels the past 80-100 years. There was a similar situation in December 2015, but during January and February, the situation improved a lot due to torrential rains- and snowfall across the Alpine region. Current outlooks for 2017 are different, there has so been no improvement in the snow situation and present cold outlook results in strongly reduced hydro-reservoirs as well. Continue reading Outlooks for CWE hydropower production 2017 strongly reduced due to low snowlevels

Week Ahead prices in France increases strongly as consumption increases

1. Fundamental overview

The power supply situation in France is strongly threatened as peak hour consumption will increase by about 15 GW next week
as temperatures drop 10-1 deg. C from today’s level. Temperatures next week will then be nearly 10 deg. C below normal.

Continue reading Week Ahead prices in France increases strongly as consumption increases

Extremely low snow levels in the Alps

 4th lowest level in 80 years observed

The snow levels are low in most parts of the Alpine region these days according to snow curves at MKonline. In Switzerland, there has been made an observation at a 2400m altitude that confirms the 4th lowest in the past 80 years!

The snow levels across the CWE-region are currently 12 – 13 TWh lower than normal, see snow curves from MKonline below. The snow levels were very low last year too, but the situation improved strongly during Q1-16. The question is, will this happen again?

Continue reading Extremely low snow levels in the Alps

METANOPOLY launches Daily Forward Report NCG on MKonline

METANOPOLY has launched its new daily forward report where we provide you with a forecast for the most important five curve contracts of NCG.

While having you provided already with these forecasts on a weekly base in our weekly report, we update this from now on on a daily base. The weekly report remains as an additional forward forecast including  a thorough comment on the most important fundamentals and markets and takes a closer focus on the most important events, which have happened the last week and might haven the following week. The daily report provides you with a daily comment on the German gas market and a forecast for the next 10 trading days for NCG front month, front quarter, front quarter+1, front quarter+2 and front calendar year.

Feel free to contact sales@mkonline.com for a free trial, or joachim.endress@metanopoly.com in case of questions about the forward report.