Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

Nordic hydro reservoir stocks near 100 TWh

Bunker Fuel | Oil | Shipping | Marine Fuels | Tankers

Alone on the High Seas: Is the shipping market at the mercy of the volatility in bunker fuels?

Electric Power

Platts Market Data – Electric Power

Commodities | Energy | Electric Power | Renewables | Banking | Infrastructure & Utilities

Financing US Power Conference, 21st Annual

Oil | Crude Oil | Oil Risk

Saudi attacks, supply risk could cause prices to test $80/b: S&P Global Platts Analytics

Nordic hydro reservoir stocks near 100 TWh

Highlights

Net 1.12 TWh added on week

Heavy rains forecast

Norwegian net exports ramp up

London — Strong inflows to Nordic hydro reservoirs in Week 35 saw stocks edge up 0.9 percentage point to 98.85 TWh despite strong Norwegian and Swedish power exports, Nord Pool data showed Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Nominal capacity across Norway, Sweden and Finland stood at 78.4% for the week, well up on last year (65%) but down on the multi-annual average (82.3%).

Norway alone had hydro reservoir content equating to 69.2 TWh, Sweden 26.3 TWh and Finland 3.2 TWh.

Forecasts indicate stocks could surpass the 100 TWh mark in the near future.

With a low pressure weather system taking hold across Nordic countries, expected precipitation over the next 10 days "is more than twice as high as seasonal normal," broker Energi Danmark said Wednesday.

Conditions have served to boost Norwegian exports of electricity while maintaining healthy levels from Sweden.

Norwegian net exports averaged 59 GWh/d through Week 35, up from 34 GWh/d for the previous week.

Swedish net exports averaged 52 GWh/d in Week 35, versus 63 GWh/d for the previous week.

Deficit supply market Finland continued to import heavily, with net imports running at around 65 GWh/d through most of August and into September.

Nordic system spot prices meanwhile have declined into September, having neared Eur38/MWh late August.

From Eur36.48/MWh for delivery Monday, the contract has fallen to Eur31.55/MWh for delivery Thursday.

Within the Nordic market Norway (Oslo) was the cheapest spot zone, settling at Eur29.38/MWh for delivery Thursday, while Finland remained the dearest at Eur43.98/MWh.

On the Nasdaq exchange Nordic futures for October have been tracking upwards in recent days, from a low of Eur33.13/MWh a week ago to a last trade of Eur35.85/MWh Wednesday.

The Q4 baseload contract has followed a similar path, tracking up from Eur35.65/MWh September 4 to Eur38.65/MWh Wednesday.

Finally from Eur33.55/MWh September 4, the Cal 20 baseload contract last traded Wednesday at Eur35.60/MWh.

"Sentiment changed completely Tuesday due to the important news from the energy markets," Energi Danmark said, a reference to bullish news from France on potential nuclear outages due to sub-standard manufacturing of steam generator components, and the response in gas prices.

-- Henry Edwardes-Evans, henry.edwardes-evans@spglobal.com

-- Edited by Jonathan Loades-Carter, jonathan.carter@spglobal.com