But power consumption was much greater than TEPCO expected Thursday, due to a wave of cold weather that spurred heating demand.
The fourth quarter, or colder months, tend to generate a spike in energy requirements in Europe and North America due to the greater heating demand.
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Inventories normally dip in summer, when drivers take to the road, pushing up demand for petrol, and in winter, when demand for heating oil surges.
Moreover, the price of oil usually falls in the autumn, after the summer surge in petrol consumption has abated but before winter brings higher demand for heating oil.
The firm said it had also been hit by warm weather, which reduced demand for heating oil, and lower sales of jet fuel as the aviation industry struggled to recover from the aftermath of 11 September.
While it is expected there will be an increased demand for electric power as heating and transport are converted to electricity, total Scottish demand for electricity is targeted for a fall of 12%.
The problem with the natural gas market is that it is highly inelastic and is subject to massive swings in demand with the degree heating and degree cooling days on a region or even continent.
However, the most important aspect of this expansion is that it will allow Johnson Controls to address the growing demand for energy-efficient HVAC (heating, ventilation, and air conditioning) products from the building market in China.
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However, there is also a sniff of fresh safe-haven demand wafting in the gold market, as tensions in the Middle East are heating up.
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There was also a sniff of fresh safe-haven demand wafting in the gold market Thursday, as tensions in the Middle East are heating up.
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