Demand Will Peak Late in the Week
Monday, November 10th, 2008Heating demand will rise as the week progresses, until it peaks on Friday. A cold front, presently situated in northern Europe, will slowly make its way southwest bringing with it cooler temperatures and rain. Following the passage of this system, winds will begin to calm and temperatures will start to rise a bit. Coal prices could see a slight rebound due to the lower energy output from the wind farms. Heating demand across much of the continent will decrease at least for the short term.
The NAO is currently weak negative and is forecast to become almost neutral over the next 5-7 days. There is good model agreement in the short term but after day 7 the model starts to diverge. November has been pretty much neutral NAO to this point and the next 2 weeks will determine where the monthly value will fall.
As a side note, if you frequent this site and would like a certain geographic region covered that has not been covered (and is in the EU) please leave a comment or e-mail me at dodonnell@wxtrends.com and I will make an effort to include it more thoroughly in future posts.