Measures to combat the Corona epidemic is starting to have a bigger impact on electricity demand across Europe, and in especially in Italy, than the financial crisis in 2008.
Read StoryAn extreme hydrological situation across Norway. The hydrological balance by the end of February is estimated to be 22.5 TWh, which is close to an all-time high. During the last 20 years, we have only seen comparable situations during 2000 and 2005.
Read StoryDespite a dry spell in October, the hydropower situation in Southeast Europe improved significantly during a wet November. Throughout December, the situation has normalized in most areas.
Read StoryThe snow conditions across the Alps are superb before the Christmas week, close to 150% of normal levels. Weather outlooks are wet too so that the hydrological balance will improve further towards New Year’s Eve.
Read StoryEQ expects the hydropower situation in the Nord Pool areas to be rather stable during the Christmas period, with moderate precipitation levels, slightly declining hydrological balance and rather mild temperatures.
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The 700 MW Cobra cable, connecting the Netherlands and DK1 (Jylland) is scheduled to start commercial operation on Monday. In this short blog, we investigate the effects it will have on the price formation.
Read StoryAugust can become an exciting month for traders in the SEE region. Recent precipitation forecasts have remained very dry. If these continue, there will be a further reduction in hydropower production and an additional upward pressure on spot-prices in the SEE-region. This is the conclusion gleaned from EQ’s new Pan European hydro model, which will be launched soon.
Read StoryEQ's new hydrology models indicate that we enter August with large differences in hydrological balance across the Alpine area. Switzerland and Austria now have reservoir fillings of, respectively, 12% and 8% above their seasonal normal, whereas France and Italy are on their seasonal normal. High snow reservoirs and delayed melting during the spring, was followed by a heatwave end of June and start of July. This sparked melting, which in turn led to high inflow levels and ultimately rapidly increasing hydro reservoir levels in Switzerland and Austria.
Read StoryOf course not! However, during the last seven days of June 3,5 TWh worth of hydropower resources simply vanished in thin air in the CWE area. That is what our new model for energy precipitation in Germany, France, Austria, Switzerland and Italy, tells us.
Read StoryAs part of our ongoing hydrology project, EQ now provides energy precipitation forecasts, seasonal norms and historical data for countries in South-East Europe, covering around 50 TWh of annual hydropower production – or nearly 30% of total power supply in the region.
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