Monday, November 21, 2016

Heating Degree Day 5 Day Forecast Improves Slightly, Gas Prices Spiking on Longer Term Forecast

The weather outlook has improved for natural gas weighted utility demand, with the 5 day forecast approaching average, and the longer term (15 day forecast) at about +20HDD above average.  Recent prices have strengthened enough to begin impacting coal to gas switching if it persists.  

And the current (as of 8 am EST 11-21-16) 15 day forecast, showing near normal 5 and 10 day, but colder in the 11-15 period: