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(Bloomberg) — Europe is set for unseasonably warm and humid weather this week as a stream of hot air is funneled in from North Africa, boosting cooling demand and energy prices.
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The heat is already hitting Iberia, with parts of Spain climbing to as high as 40C (104F) on Monday. Power prices in Spain for tomorrow are close to a three-month high, according to data from OMIE.
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The increasing intensity and frequency of heat waves in Europe is putting the region’s energy systems under pressure, especially in countries like Spain and Italy where air conditioning use is widespread on the hottest of days. That will play a big role in determining the level of gas inventories heading into winter.
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Over the week, the warmth will spread north, potentially bringing the highest temperatures of the year to the UK, France, Germany and Italy, according to MetDesk meteorologist Daniel Gardner-Declaudure. Maximum temperatures in Paris could reach 35C by Friday, with London testing 27C.
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Power demand for cooling this week is expected to rise above the long-term norm across much of the continent, according to Atmospheric G2. In Spain, month-ahead power prices have risen to the highest since January, according to data from EEX.
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The wave of warm air — dragged in by the combination of a low-pressure system west of the continent and a high-pressure over mainland Europe — could fuel powerful thunderstorms, according to the UK Met Office. The track of the low-pressure system will determine the intensity of the heat in different regions.
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“It’s hard to pinpoint exactly whereabouts that warm plume is going to go,” UK Met Office meteorologist Honor Criswick said in a forecast briefing.
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The warm spell is arriving on the heels of a wet and stormy period for northwest Europe, which has seen unseasonably cool weather.
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(Adds details on energy markets throughout)
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