El Niño has officially arrived, and there are concerns this time that the weather phenomenon might be more intense than most years, a so-called “super” event. With Pacific Ocean temperatures now exceeding the threshold for one of the strongest forms of the weather pattern, the risk of prolonged heat, drought, low wind and other disruptive weather events is rising across multiple regions at once. For commodity and power markets, that can mean greater volatility, from wind droughts in Europe and hydropower stress in the Nordics to shifting hurricane risks in the US. Yet El Niño can also ease pressure in some markets, influencing winter temperatures, rainfall patterns and energy demand in ways that are not always straightforward. So what does a super El Niño mean for commodities, power markets and energy systems, and where are the biggest risks likely to emerge? On today’s show, Kamala Schelling is joined by BloombergNEF’s weather analysts, Jess Hicks and Ryan Ward, to discuss some of their team’s notes, including “Weather and Commodities: Summer Outlook 2026 Marks El Niño” and “Atlantic Hurricane Outlook 2026: El Niño Lowers Count.”

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Atlantic Hurricane Outlook 2026: El Niño Lowers Count - https://www.bnef.com/insights/39663

Weather and Commodities: Summer Outlook 2026 Marks El Niño - https://www.bnef.com/insights/39615

El Ni&ntilde;o has officially arrived, and there are concerns this time that the weather phenomenon might be more intense than most years, a so-called &ldquo;super&rdquo; event. With Pacific Ocean temperatures now exceeding the threshold for one of the strongest forms of the weather pattern, the risk of prolonged heat, drought, low wind and other disruptive weather events is rising across multiple regions at once. For commodity and power markets, that can mean greater volatility, from wind droughts in Europe and hydropower stress in the Nordics to shifting hurricane risks in the US. Yet El Ni&ntilde;o can also ease pressure in some markets, influencing winter temperatures, rainfall patterns and energy demand in ways that are not always straightforward. So what does a super El Ni&ntilde;o mean for commodities, power markets and energy systems, and where are the biggest risks likely to emerge? On today&rsquo;s show, Kamala Schelling is joined by BloombergNEF&rsquo;s weather analysts, Jess Hicks and Ryan Ward, to discuss some of their team&rsquo;s notes, including &ldquo;Weather and Commodities: Summer Outlook 2026 Marks El Ni&ntilde;o&rdquo; and &ldquo;Atlantic Hurricane Outlook 2026: El Ni&ntilde;o Lowers Count.&rdquo;
Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF&lt;GO&gt; on the Bloomberg Terminal or on <a href="https://www.bnef.com/">bnef.com</a>
Links to research notes from this episode:
Atlantic Hurricane Outlook 2026: El Ni&ntilde;o Lowers Count - <a href="https://www.bnef.com/insights/39663">https://www.bnef.com/insights/39663</a>
Weather and Commodities: Summer Outlook 2026 Marks El Ni&ntilde;o - <a href="https://www.bnef.com/insights/39615">https://www.bnef.com/insights/39615</a>

The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins and Tom Rowlands-Rees sit down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins and Tom Rowlands-Rees sit down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

The future of energy, transport, sustainability and more from Bloomberg analysts

Switched On

 How Super El Niño Hits Power Markets: Analyst Reaction

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/af3be4db-13d3-456e-82d8-b46a00aabc3c/transcript