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Heating Degree Day |
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Heating Degree Day A day on which the temperature in a certain area is below 65 degrees Fahrenheit, necessitating the use of heaters. Heating degree days are used in some weather futures, which are contracts in which the buyer is required to pay the seller some multiple of $20 for each heating degree day in a month, depending on how much cooler it is. Weather futures allow businesses to hedge against potential losses resulting from unexpected changes in weather. Energy companies are the most common sellers of weather futures; they have become relatively popular investments. See also: Cooling degree day. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Currently, New York is at 68% of normal heating degree days. Heating degree days in 2004 are adjusted for leap year by adding the February 28th heating degree day amount. Heating degree days in 2004 are adjusted for leap year by adding the February 28th heating degree day amount. |
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