The Weather
Last week
Last week (ending December 6), the number of heating degree days (HDDs) jumped by 12.00% w-o-w (from 139 to 155), as weather conditions cooled down across the Lower-48 states. Cooling demand has plunged by about 45.0% and remains too weak to have a meaningful impact on natural gas consumption. Despite higher HDDs, we estimate that total energy demand (as measured in total degree days, or TDDs) was approximately 10.2% below last year's level and 4.8% below the norm.
This week
This week (ending December 13), the weather conditions are getting colder,