How Much Will the Heat Wave Cost?

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July 24 (Bloomberg) -- On "The Real Deal," Michael McKee looks at energy demand and cost during the heat wave in July. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Wait until you open your july power bill.

Not as bad as you think or fear.

How hot was it?

Not all that bad.

In most places seven straight days of + 90 degrees.

It is no fun, but it is no record.

The power industry has a measure of that.

The energy needed to cool your home to a certain temperature.

We are not out of line.

We had worse in 2011 and 2012. energy -- energy prices soared during events like this.

The good news is again, high demand was relatively short- lived.

You can see the price in spikes.

What will also help as power plants paying less to generate electricity.

A small spike in natural gas prices, right-hand side.

You can see how far prices had fallen before the heat wave began.

In that sense, hold your nose and pay the bill it and be happy it was not worse.

It will add to industrial production and g.d.p.. what is interesting is in spite of the surge of demand, lights stayed on, and air- conditioning.

To go we are all using more electricity.

Everyone has a juice-sucking devices.

-- we are all using more electricity.

33,995 megawatts.

About yvette to power 1000 homes.

Utilities have increase capacity and in efficiencies -- and efficiencies.

This is the elegant economic solution to the problem.

To keep cool, pay up.

Thank you.

Coming up, barack obama eight

This text has been automatically generated. It may not be 100% accurate.


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