Category Archives: Power

Holiday effect for Easter

What does Easter mean consumption-wise?

Easter is not only an important religious holiday and a traditional vacation season in Europe. It is also one of the periods of the year during which the power consumption is strongly affected by the Holiday Effect. The social patterns are different from country to country and reflect a variety of habits and traditions. For us, the upcoming Easter is also a moment to reconsider assumptions made within our consumption system and represented by the reduction of power demand attributable to different behavioural patterns. You find some statistics and useful facts below. Continue reading Holiday effect for Easter

Updated German consumption numbers for 2016

MKonline has now updated actual consumption numbers for 2016. The numbers are as earlier based on monthly statistics from ENTSO-E, but as the format for these monthly reports has been changed from previous years, MKonline has delayed the updates as we have found some deviations in the statistics compared to earlier years. Continue reading Updated German consumption numbers for 2016

Alpine snow and groundwater levels still below normal

During January we posted two blogs commenting the low hydrological situation in the Alps as precipitation in December came out at the driest level for several decades across CWE and the Alpine region. The precipitation deficit regarding energy meant nearly 13 TWh, so the snow package was extremely low by New Year. The situation did not improve during January which was icy and dry, and deficit in snow and groundwater was even more severe by the end of January. Continue reading Alpine snow and groundwater levels still below normal

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