How Super El Niño Hits Power Markets: Analyst Reaction (Podcast)
El Niño has officially arrived, and there are concerns this time that the weather phenomenon might be more intense than most years, a so-called “super” event. With Pacific Ocean temperatures...
By Bloomberg · Bloomberg
El Niño has officially arrived, and there are concerns this time that the weather phenomenon might be more intense than most years, a so-called “super” event. With Pacific Ocean temperatures now exceeding the threshold for one of the strongest forms of the weather pattern, the risk of prolonged heat, drought, low wind and other disruptive weather events is rising across multiple regions at once. For commodity and power markets, that can mean greater volatility, from wind droughts in Europe and h