Hurricane season is on its way in the Atlantic region. Storms that made landfall over 2020-2022 resulted in reductions of 14.5% in power load, 11% on power burn, and 20.4% in wholesale power prices. For 2023, the National Oceanic and Atmospheric Administration forecast near-normal numbers for tropical activity in the Atlantic hurricane season. But even near-normal numbers could heavily impact energy markets, suppressing power and gas demand and LNG shipping.
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Subscribe to Platts Dimensions Pro for the full story: US NOAA forecasts fewer storms in 2023 that could still disrupt power, gas markets
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