Wednesday, January 11, 2017

Weather Forecast for Record Warmth Depresses Energy Demand

The two week outlook is for much below normal heating demand, as record high temps across the CONUS suggest that January will deliver very little power or home heating draws on natural gas.

The Climate Prediction Center shows a forecast through 11/17 that ends with record low gas-utility weighted HDDs:

And the Deltix forecast based on the GFS extends the warmth through the balance of the 15 day outlook:

Here's the JAN look at the CPC historical and forecast data:

And the comparison with last year's winter HDD demand (CPC again):