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Abstract

Weather can have a profound effect on energy consumption, especially extremes of hot and cold temperatures. These variations in particular drive residential and commercial energy demand because space heating and cooling is such an important component. Traditional approaches are customized to the specific geography of interest. Energy regulators use a measure of divergence from normal temperatures to estimate peaks in demand when planning future capacity, or to strip out short-term weather effects to identify underlying growth trends. Energy traders marry weather forecasts to demand data to identify potential price peaks and troughs. What unites these analyses is that they tend to be either local or short term in nature; or both. However, the customization of methodology to a particular geography renders comparisons of the effects of weather between countries invalid.

Authors

Alessandro Lanza

Alessandro Lanza

Visiting Researcher Alessandro is a visiting researcher and a professor of energy and environmental policy at LUISS University. He has held the…

Expertise

  • Energy markets
  • environmental policy
  • environment and growth
  • energy modeling
  • energy sources
  • economics of climate change

Publications See all Alessandro Lanza’s publications

Toward Economic Prosperity Through Industrial Energy Productivity Improvement

Toward Economic Prosperity Through Industrial Energy Productivity Improvement

Weather can have a profound effect on energy consumption, especially extremes of hot and cold…

February 19, 2018

A global degree days database for energy-related applications

Weather can have a profound effect on energy consumption, especially extremes of hot and cold…

January 15, 2018
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