Crosswords6 mins ago
i bet the big 5 energy companies are rubbing their hands in anticipation..
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-20 degrees tempratures are on the way over the next few weeks..wrap up folks...
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For more on marking an answer as the "Best Answer", please visit our FAQ.The energy company hedge for weather.
So they don't gain too much from cold weather in the same way they don't hav too much loss in warm weather.
They gamble on weather averages on the exchanges , buy buying and selling above average temperature days.
So if the weather is colder than average they loose on the deal ...but sell more energy.
If the weather is warmer than average they win on the deal but sell less energy.
Thus they have a known income.
So they don't gain too much from cold weather in the same way they don't hav too much loss in warm weather.
They gamble on weather averages on the exchanges , buy buying and selling above average temperature days.
So if the weather is colder than average they loose on the deal ...but sell more energy.
If the weather is warmer than average they win on the deal but sell less energy.
Thus they have a known income.
I hope the forecasters are wrong - actually I am praying they are!
Due to issues with planning department, our renovation project is 6 months late .. which means we have moved into caravans last week, and will be in over winter (a toddler, and a 13 year old who has ME).
It is supposed to be a life changing experience for us all, but I am starting to get real worries now!
We do at least have central heating and double glazing, but the kids are already saying it's cold. We are off out today, to buy everyone an extra blanket!
Due to issues with planning department, our renovation project is 6 months late .. which means we have moved into caravans last week, and will be in over winter (a toddler, and a 13 year old who has ME).
It is supposed to be a life changing experience for us all, but I am starting to get real worries now!
We do at least have central heating and double glazing, but the kids are already saying it's cold. We are off out today, to buy everyone an extra blanket!
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