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Weather to hedge: effectively managing your weather risk.

Energy User News

| April 01, 2004 | Cooper, Valerie | COPYRIGHT 2004 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The winter of 2003-2004, of brisk winds and heavy snowfalls, brought the Northeast's major urban centers to a halt. A number of cities across the country suffered the largest snowfalls in recent history. As the snowfall and cold weather persisted, industrial facilities and businesses increased their energy consumption, leaving many companies financially unprepared to manage the costs of the unexpected energy demand.

High natural gas prices in the winter of 2004 underscore the vulnerability of business to weather-related energy costs. Energy managers need to prepare strategies for coping with the unpredictable fluctuations of weather. Resources to be found in the ...

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