Starting on 13rd of March ECMWF Ensemble forecasts are disseminated 40 minutes earlier. Continue reading Ensemble forecasts disseminated 40 minutes earlier
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
We are proud to announce to have successfully restructured the new fundamental pages in our gas section. You can find the new pages below section “Fundamentals”, which substitutes the previous sections “supply” and “demand” which are no longer published. Continue reading METANOPOLY restructures new Fundamental pages
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
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
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
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.
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?
We are pleased to inform that we have updated our hydropower models for Bulgaria (BG). The implementation includes a new Run-of-River and Total production model and a revised Inflow model. The improvements are obtained from applying actual data from ENTSO-E and new river flow data for the inflow calculations.
In our blog of Nov 3rd, we focused on the traded prices for Week 45 (Week Ahead), which had reached an all-time high of 253 €/MWh (Base price). The weather outlook was at that time quite bullish, with Peak load consumption in the first of the week increasing nearly 10 GW compared to the end of week 44. Spot-prices Thursday/Friday week 44 came out at about 70.00/85.00 €/MWh (Daily Base/Peak) and meant an additional bullish signal to the market.