London Just Experienced Its Warmest March Since Records Began
(Bloomberg) -- Londoners who crammed into parks and rooftop bars or fired up their barbecues earlier than normal were testimony of an exceptionally warm and sunny March.
Southeast England, which includes the capital, had the warmest month since records began in 1910, according to the U.K.'s Met Office. The average temperature of 9.2 degrees Celsius (49 degrees Fahrenheit) equaled a record set in 1957, the year the Soviet Union launched Sputnik 1, the first human-made object in space. The U.K. overall had its fifth-warmest March on record.
The trend is supposed to continue into April across the whole of Europe, according to meteorologists surveyed by Bloomberg. An early start to summer could raise the risk of drought and further reduce heat and power prices, which have plunged since February.
April “is looking very dry across Iberia,” said Claire Kennedy-Edwards, a senior meteorologist at Atlanta-based The Weather Co. “Very dry springtime conditions over Iberia, resulting in soil moisture deficits, can lead to a greater risk of heat wave events over Europe.”
March was 1.8 degrees Celsius (3.2 Fahrenheit) warmer than average, according to the Met Office. It was also unusually bright, with 21 percent more hours of sunshine than usual. Precipitation was near normal levels except in Wales, where 164.7 millimeters (6.5 inches) of rain fell, 141 percent of the seasonal norm.
Warmer temperatures have contributed to a drop in wholesale energy costs, which may further pressure utilities from SSE Plc to Centrica Plc, which have come under fire for driving up energy charges.
Front-month gas in the U.K. fell 11 percent in March while power prices dropped 8.3 percent, according to broker data compiled by Bloomberg. Wholesale prices make up about 40 percent of energy bills, according to Centrica's British Gas retail unit.
To contact the reporter on this story: Kelly Gilblom in London at kgilblom@bloomberg.net.
To contact the editors responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net, Rob Verdonck, Andrew Reierson
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.