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Free AccessMNI China Daily Summary: Wednesday, December 11
US Heating Demand 3 Degrees Above Normal Last Week
The US averaged three heating degree days above normal for the week to April 6, according to Bloomberg.
- Across the whole US, HDD totalled 105 degrees, compared to 123 in the week to March 30.
- Heating degree days measure energy demand to heat buildings. It is the number of degrees that the mean daily temperature is below a 65-degree Fahrenheit base.
- The deviation from the normal is the difference between the long-term average HDD since 1981.
- Looking at cooling demand, the US was two cooling degree days above the normal in the week to April 6.
- The US averaged 6 CDD in the week to April 6, compared to 3 CDD in the week to March 30.
- Cooling degree days measure energy demand to cool buildings. It is the number of degrees that the mean daily temperature is above a 65-degree Fahrenheit base.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.