Power Bulls Are Banking on U.S. East Getting Tired of Heat
A woman uses an umbrella to keep cool in the mid-day heat on July 6, 2016 in New York City.
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Another heat wave is set to bear down upon the East Coast this week, one that could roil power markets this time around.
Two high-pressure systems will combine to drive temperatures into the 90s Fahrenheit (30s Celsius) starting Wednesday, kicking off a period of intense heat that should last through the weekend in Washington and Philadelphia, according to the U.S. Weather Prediction Center. As a result, power demand is set to rise every day this week on the biggest U.S. grid.