Northern Europe Poised for Colder Weather After Mild Spell [BNN Bloomberg (Canada)]
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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Source: BNN Bloomberg
“Cooler changes are seen in the North to Central from prior, as the intensity of above normal anomalies lessens,” Maxar Technologies Inc. said in its daily weather forecast on Tuesday. Still, temperatures in major cities, including London, Paris and Berlin, are all expected to be near their average for this time of year. The more wintry conditions follow a warm start to the year, which provided relief from an energy crunch that has hammered Europe for months. The mild weather has curbed demand for heating, allowing some countries to top up natural gas stockpiles. The short-term power market will be boosted by near record levels of wind generation in northwest Europe over the next few days. Germany will see almost 50 gigawatts on Wednesday, while output in the UK is poised to exceed 20 gigawatts, according to Bloomberg models. For the continent as a whole, Maxar sees a total of 78.6 heating-degree days — a measure of the energy needed to keep homes warm — next week. That's in li
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