HDD will take a hit in the UK over the Next Month
Monday, March 9th, 2009
As spring approaches energy demand across much of Europe will begin to decrease as consumers turn off their heat in favor of open windows. In conjunction with the normal warming of temperatures a warming trend over the next 3 weeks will lessen the amount of time consumers need their heat. Heating degree values for the UK as a whole as well as for London can be seen in the graphic below. For those with access this table can be replicated and expanded in the myskeye.com energy planner tool.
April will be off to a cool start before again warming. This is positive for the retailers of the nation as consumers head out to purchase their spring apparel but energy prices could take a hit due to the decrease in demand. Heating degree days looks to be down almost 6% for the month of April for the UK as a whole.