Welcome!

News Feed Item

WSI: Above-Normal Summer Temperatures Likely Confined to Western and South-Central US

Still Expecting the Weakest Cooling Demand Since 2009

ANDOVER, MA--(Marketwired - May 16, 2014) - WSI (Weather Services International) has issued their updated summer forecast for the June-August period. The summer forecast indicates below-normal temperatures from the southern Rockies northward to the northern Rockies and Plains and then eastward and southward to the mid-Atlantic and Southeast. Warmer-than-normal temperatures will be confined to the western US, southern Plains, and northern New England. The WSI seasonal outlooks reference a standard 30-year normal (1981-2010). 

According to WSI Chief Meteorologist Dr. Todd Crawford: "There is little change to our updated summer outlook, as the various statistical/dynamical models we use are in unusually good agreement. It is now clear that an El Nino event is emerging, although the chances of a very strong event (e.g., 1997) now appear relatively small. The forcing from the developing El Nino should result in a higher-than-normal frequency of cool Canadian air masses this summer across much of the northern and eastern US, confining the big heat to the western US and potentially parts of the southern Plains. While we are expecting above-normal temperatures across Texas this summer, the magnitude of the heat will likely be modulated by the amount of rainfall that occurs during the next few weeks. More frequent late spring rains will likely increase the odds of only slightly above-normal aggregate summer temperatures there, while a return to a drier pattern during the next few weeks will increase the odds of more notable heat."

In June, WSI sees the monthly breakdown as:
Northeast* - Warmer than normal New England, cooler than normal mid-Atlantic
Southeast* - Cooler than normal
North Central* - Cooler than normal
South Central* - Warmer than normal
Northwest* - Warmer than normal
Southwest* - Warmer than normal

According to Chris Kostas, Senior Power & Gas Analyst at ESAI Power LLC: "With slightly cooler-than-normal June temperatures expected in the East and North Central regions, energy prices in PJM should be moderated by below-normal cooling demand. Above-normal temperatures are forecast for the West, increasing the chances for early-summer heat events and higher energy prices in California. With below-normal cooling demand expected in the Consuming East, PJM natural gas prices should run at a significant discount to Henry Hub (particularly on the cooler days). Offsetting some of this price weakness, however, should be increased natural gas injection demand; which ESAI expects will run about 4 Bcf/day above last year."

In July, WSI forecasts:
Northeast - Cooler than normal
Southeast - Cooler than normal
North Central - Cooler than normal
South Central - Warmer than normal
Northwest - Warmer than normal
Southwest - Cooler than normal

Kostas added: "Cooler-than-normal temperatures are expected to prevail over much of the country in July. Aggregate North American cooling demand is expected to run below normal, resulting in soft energy prices, particularly in the Northeast markets. Large price discounts to Henry Hub can be expected in PJM and New York this summer, particularly on cooler days. Robust natural gas injections should help to offset some of this price weakness and allow storage levels to improve relative to last year, however. In Texas and California, above-normal temperatures should help to support power prices. Increased energy demand in Texas could also help to support Henry Hub prices relative to the shale production region of Pennsylvania."

In August, WSI forecasts:
Northeast - Cooler than normal, except northern New England
Southeast - Warmer than normal
North Central - Cooler than normal
South Central - Warmer than normal
Northwest - Warmer than normal
Southwest - Cooler than normal

Kostas noted: "In PJM and northern MISO cooler-than-normal August temperatures should help to moderate power prices and implied market heat-rates to finish the summer. Natural gas prices in the Mid-Atlantic region should be soft relative to Henry Hub due to lower electrical loads. Reduced aggregate cooling demand and lower electrical loads should also allow natural gas inventories to reduce the deficit to last year's level. In Texas warmer-than-normal August temperatures should help to firm ERCOT power prices and implied market heat-rates."

WSI provides customized weather information to global commodity traders via its industry-leading WSI Trader Web site. WSI will issue its next seasonal outlook on June 20. 

*To view the map defining WSI's US regions, click here.

About WSI Corporation
WSI (Weather Services International) and Weather Central are the world's leading providers of weather-driven business solutions for professionals in the energy, aviation, insurance and media markets, as well as multiple federal and state government agencies. Together they comprise the professional division of The Weather Company and are owned by a consortium made up of NBC Universal and the private equity firms, The Blackstone Group and Bain Capital.

About ESAI
Since its inception in 1984, Energy Security Analysis Inc. (ESAI) has been dedicated to monitoring, analyzing and synthesizing information about world-wide energy markets. Tapping the talents of its senior-level staff, ESAI provides clients with unparalleled insight into where the markets have been and where they are headed. ESAI provides ongoing systematic analysis of energy prices in the oil, natural gas and energy markets. For more information on ESAI services, see www.esai.com.

Image Available: http://www.marketwire.com/library/MwGo/2014/5/16/11G015842/Images/TRADER_T2M_DFN30_WSI_DAY3090_CONUS400_(4)-843338533272.jpg

Media Contacts:
Linda Maynard
WSI
(978) 983-6715
[email protected]


Tommy Sutro
Energy Security Analysis, Inc.
(781) 245-2036
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...