April 29, 2024 POWWR Warns of Ramifications of Early La Nina

As many as 18 named storms, with 11 reaching hurricane status, and five reaching category three or greater predicted by POWWR.

[New York] – POWWR, the respected energy software provider, today reveals its summer 2024 projected weather outlook which center around the likely early arrival of La Nina and the resulting very active hurricane season.

Whilst La Nina is typically a late fall or early winter occurrence, 80% of models are pointing towards La Nina arriving this year in either July or August. The likely result of an earlier La Nina is that the eastern two-thirds of the nation will see at least some warm anomalies, with the Ohio Valley and Midwest seeing the warmest anomalies. However, the outlook for Texas is one of less anomalous heat than was seen last year.

“We expect the warm anomalies to begin in May with the strongest anomalies coming in August and September,” comments Ian M. Palao, VP, Strategic Energy Services at POWWR. “Whilst Texas will probably see extreme heat for a few days, the good news is that we generally don’t see a month where the bulk of the state will be under substantial warm anomalies.”

The likely consequence of an earlier appearance from La Nina this year is that the country will experience a very active hurricane season towards the end of the year. This is because La Ninas reduce wind shear in the mid/upper atmosphere. As wind shear limits both the formation of storms and their subsequent intensity, this limiting factor of shear potentially will be taken out of the equation this year.

“In a normal tropical season, the Atlantic Basin experiences 13 named storms, with six becoming hurricanes, and three of those being of category three or greater. Due to the early La Nina, however, we predict there could be as many as 18 named storms, with 11 reaching at least hurricane status, and five reaching category three or greater,” warns Palao. “We firmly believe the entire Gulf of Mexico, from Texas to Florida, will be in play.”

POWWR’s popular risk management platform, Risk360, sets a new standard in data transparency, providing accurate demand forecasting, scheduling, and position reporting for the energy industry. With more data points than ever before, Risk360 eliminates the need for guesswork. It automatically updates multiple times a day with any changes in the market and includes a multitude of data points such as future contract lengths, hedges, forecasted demands, and forward price marks so that energy suppliers and brokerages can minimise risk.

About POWWR
POWWR is a cloud-based software provider for the energy and utilities sector. Its advanced platforms and simple solutions help over 65 energy suppliers and more than 1,400 brokers across the United States and the United Kingdom win more deals, manage risk, and grow their businesses. The company was previously known as UD Group in the United Kingdom. For more information on POWWR, please visit https://www.powwr.com/ or contact Jo Forsdike at jo.forsdike@powwr.com.

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