ESG & Investing
It’s Still Unclear How Much Demand for Aircon Will Increase After Heatwave
A pedestrians walks past fans for sale during a heatwave in London, UK, on July 15.
Photographer: Matthew Chattle/Future Publishing/Getty ImagesThis article is for subscribers only.
A blind spot is building up in the UK energy market as temperatures are set to break new records in England.
A UK Met Office warning that temperatures could hit 40 degrees Celsius (104 Fahrenheit) for the first time means that demand for air conditioning and other cooling systems will soar. Still, there is little evidence on how much that demand for cooling will increase and what impact it will have on energy markets that are already racing to secure supplies for winter.