Making money from weather forecasting?

MoneyBob

If I have a system which enables me to predict periods of good clear sunny weather, well ahead of time (before weather forecasts are available), UK only, with a reasonable level of accuracy, how can I profit from that knowledge?

I thought about looking for power gen. firms which primarily generate with solar panels - but I can't find any that do.

I briefly thought about ice-cream manufacturers but that would limit me to summer only and they're probably doing generally well in summer anyway.

I need something that the price of which will spike if there's sunny weather or even forecast sunny weather but which I can buy into ahead of time.

Any bright ideas?

StumpyPumpy

http://news.ladbrokes.com/press-office/london-ready-to-bask-in-bank-holiday-sun.html

In_For_A_Penny_2

MoneyBob wrote: »

If I have a system which enables me to predict periods of good clear sunny weather, well ahead of time (before weather forecasts are available), UK only, with a reasonable level of accuracy, how can I profit from that knowledge?

Maybe you should think about selling your methods to all those meteorological institutes who invest millions and yet fail to do what you can?

Gram_Parsons

Any chance of you doing week commencing Monday 13 July for East Central Scotland. I'm off work that week. TIA.

Mistermeaner

MoneyBob wrote: »

If I have a system which enables me to predict periods of good clear sunny weather, well ahead of time (before weather forecasts are available), UK only, with a reasonable level of accuracy, how can I profit from that knowledge?

I thought about looking for power gen. firms which primarily generate with solar panels - but I can't find any that do.

I briefly thought about ice-cream manufacturers but that would limit me to summer only and they're probably doing generally well in summer anyway.

I need something that the price of which will spike if there's sunny weather or even forecast sunny weather but which I can buy into ahead of time.

Any bright ideas?

For real? Do you think sales of solar panels go up when it's sunny and that the share price instantly moves to reflect this. Oh dear

jimjames

ggb1979 wrote: »

For real? Do you think sales of solar panels go up when it's sunny and that the share price instantly moves to reflect this. Oh dear

No but I'm sure retailers would pay good money for a system that guaranteed them to know the weather in advance so they can stock the relevant levels of BBQ good etc.

I somehow suspect the OP doesn't have such a system.

Archi_Bald

MoneyBob wrote: »

Any bright ideas?

Apply to the BBC / ITV / Sky as a weather girl?

Archi_Bald

MoneyBob_April_2013 wrote: »

I think the global price of oil will inevitably rise in the longer term.

If your weather prediction system is as good as your oil price forecast, you could have a slight problem at your hands.

http://www.wsj.com/articles/opec-sees-oil-price-below-100-a-barrel-in-the-next-decade-1431347035

racing_blue

MoneyBob wrote: »

If I have a system which enables me to predict periods of good clear sunny weather, well ahead of time (before weather forecasts are available), UK only, with a reasonable level of accuracy, how can I profit from that knowledge?

Make sure you are near a beach on those days. Pack a BBQ and a few cold beers. Kick back.

MoneyBob

Gram_Parsons wrote: »

Any chance of you doing week commencing Monday 13 July for East Central Scotland. I'm off work that week. TIA.

I suspect you might just miss the end of a period of clear skies at that time. But you might be lucky and catch the end of it, or more.

For real? Do you think sales of solar panels go up when it's sunny and that the share price instantly moves to reflect this. Oh dear

That's not what I meant. I meant companies that make and sell power generated by solar panels - not companies that make and sell panels.

If your weather prediction system is as good as your oil price forecast, you could have a slight problem at your hands.

I definitely said "in the longer term". I suppose it depends on your definition of 'longer term' but mine is considerably longer than 2 years. Having said that, I'm better at weather forecasting than I am at oil price forecasting. I just figured that there'd be a reduction in the number of domestic and commercial vehicles directly using oil in the coming decades, and hence a scale down of production of oil - but still a demand for oil for higher value product manufacture and legacy machinery, for which the oil producers can charge more while also spending more on accessing more difficult to access sources.

Happychappy

MoneyBob wrote: »

I suspect you might just miss the end of a period of clear skies at that time. But you might be lucky and catch the end of it, or more..

Bob, you sound like the BBC you might just miss the end :j ! or you might Not :eek:

Not something you can put your shirt on, and I certainly wouldn't pay for that incredible level of certainty, Ummm Bob, stick to your day job