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Texas to Face Heat Index of 110F in Late Spring

NATGAS

Temperatures will soar across Texas this week, putting further pressure on the state’s electricity grid, according to Bloomberg.

  • The heat will be spread across the US Midwest and Northwest.
  • The hotter weather will pose a challenge for power-generating assets, Bloomberg said.
  • Such weather is also likely to boost cooling demand, which in turn will raise consumption for natural gas. Thus, the upcoming temperatures is likely to be supportive for Henry Hub.
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Temperatures will soar across Texas this week, putting further pressure on the state’s electricity grid, according to Bloomberg.

  • The heat will be spread across the US Midwest and Northwest.
  • The hotter weather will pose a challenge for power-generating assets, Bloomberg said.
  • Such weather is also likely to boost cooling demand, which in turn will raise consumption for natural gas. Thus, the upcoming temperatures is likely to be supportive for Henry Hub.