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Washingto Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 15
We know how to deliver energy.
April 16, 2010 Energy Update
In this Issue
Editors Note
Week in review for period of April 9, 2010 to April 15, 2010.
Renewable Energy
This Earth Day - Show your Green Commitment
Natural Gas
EIA Gas Storage Update
Baker Hughes Rotary Rig Count
NYMEX Natural Gas Monthly Settlements
NYMEX Values: Thursday, April 15, 2010
NYMEX 12-Mo. Avg. Price Per Therm at the Well-Head
PJM Electricity
PJM 12-Month Average Peak Power Price
Weather
Local Heating Degree Days*
e- Poll
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CleanSteps(SM) Windpower
Editors Note
Week in review for period of April 9, 2010 to April 15, 2010.
The energy markets were relatively flat this week but a small price increase was registered. For this report period, the 12 month average price for natural gas at the well-head rose less than 1%. The average 12 month price for electricity on the PJM rose less than 1%. Natural gas and electricity prices have risen 2 out of the last 9 weeks.  However, as you can see from the pricing graphs noted below, the energy trend lines over the last few weeks have become  flatter. Have we reached the seasonal low?  Stay tuned. All eyes are now focusing on supply versus demand picture. On the supply side, analysts say the huge shale gas reserves found in PA and Texas can have a significant impact on the supply picture.  On the other hand, a hot summer and a recovering economy will increase demand. 
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Renewable Energy
This Earth Day - Show your Green Commitment

Looking for an easy, meaningful way to make a difference without breaking the bank?  Waiting for the right time?  The time is now – go green on the fortieth anniversary of Earth Day, April 22th.  WGES offers large commercial customers the chance to buy renewable energy credits (RECs) sourced from national or local wind farms.

CleanStepsSM WindPower is the clean, renewable power option for organizations concerned about the environment – and searching for innovative branding options. We offer tools to help spread the word about your green commitment through press release support, window clings, and more. 

Your purchase makes a difference. When you choose CleanStepsSM WindPower, you choose a Green-e Energy certified product.  Green-e Energy was established by the non-profit Center for Resource Solutions to provide information and an objective standard for consumers to compare renewable energy options, and to verify that consumers get what they pay for. For more information on Green-e Energy certification requirements, call 1-888-63-GREEN or log on to www.green-e.org.

Still uncertain?  Check out the green corner of our Large Commercial page.

Going green has never been easier.  Contact your Account Manager to add wind power to your existing contract today.

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Natural Gas
EIA Gas Storage Update

 

 Current Week

Last Week 

Net Change

 Last Year 

 5 Year

 

 Stocks (Bcf)

Stocks (Bcf)

 (Bcf)

Stocks (Bcf)

 Average (Bcf)

 Total Lower 48

1,756

1,669

 87

1,692

1,510

Storage Update:  This week’s report showed a larger than expected injection of 87 Bcf.  The lack of weather related demand means the unused gas was pumped into storage. Inventories were 12% above the 5 year average in last week’s report but are now 16.3% above the five year average. We eliminated the year to year deficit. We now have more gas in storage than last year.

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Baker Hughes Rotary Rig Count

Weekly Drilling Rig Update:  Active rig count released by Baker and Hughes for week ending ending April 9, 2010 was 959 rigs which was a net increase of 10 rigs.  The rig count is 169 higher than the count reported this same week last year. We are 25% below the 5-year avg. rig count of 1,275.

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NYMEX Natural Gas Monthly Settlements
(Price per therm at the well-head)

May-09

$0.3321

Sept-09  

$0.2843

Jan-10

$0.5814

Jun-09 

$0.3538

Oct-09 

$0.3730

Feb-10 

$0.5274

July-09 

$0.3939

Nov-09 

$0.4289

Mar-10 

$0.4816

Aug-09 

$0.3379

Dec-09 

$0.4486

Apr-10 

$0.3842

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NYMEX Values: Thursday, April 15, 2010
(Price per therm at the well-head)

May-10

$0.3985

Oct-10

$0.4419

Mar-11

$0.5248

Jun-10

$0.4074

Nov-10

$0.4774

Apr-11

$0.5051

July-10

$0.4190

Dec-10

$0.5172

12-month

$0.4686

Aug-10

$0.4271

Jan-11

$0.5382

11/10-3/11

$0.51848

Sept-10

$0.4314

Feb-11

$0.5348

Crude oil

$85/bl.

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NYMEX 12-Mo. Avg. Price Per Therm at the Well-Head
(excludes Interstate Transportation)

 

                                                                 Trade Date

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PJM Electricity
PJM 12-Month Average Peak Power Price
On-Peak 1 Year Forward Price

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Weather
Local Heating Degree Days*

 

Local Heating Degree Days* 

 

Nov-09

Dec-09

Jan-10

Feb-10

Mar-10

Apr-10

 Actual

376

835

914

856

419

         

 Normal

477

775

  917

114

563

 

 Departure from Normal

21.2%

7.74%

0.3%

15%

25.6%

 

Warmer

Cooler

Warmer

cooler

warmer

 

 

* Heating degree days are calculated by comparing the day’s average temperature to a 65 degree baseline.  If the average temperature is above 65, there are no heating degree days that day.  If the day's average temperature is less than 65 degrees, subtract the day's average temperature from 65 to find the number of heating degree days for that day.

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