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Washingto Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 16
We know how to deliver energy.
April 23, 2010 Energy Update
In this Issue
Editors Note
Week in review for period of April 16, 2010 to April 22, 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 22, 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 16, 2010 to April 22, 2010.
The downward trend, for now, has been broken. (Please see graphs below.) Energy price roses again this week.  For this report period, the 12 month average price for natural gas at the well-head rose 3.5%. The average 12 month price for electricity on the PJM rose 3%. Natural gas and electricity prices have risen 3 out of the last 4 weeks.  Even though the natural gas supply picture looks good with rig counts rising and shale gas flowing into the grid, the demand component is getting some attention. For example, we have entered the traditional re-fill season (April 1-Oct. 31) which means utilities are buying gas to refill the storage fields that were depleted this winter. Also, as hot weather arrives, demand for natural gas increases because the electric generation sector uses natural gas to fuel their generators. Another wild card that is getting attention is the economy. As the economy recovers, demand for energy increases.
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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

1,829

1,756

 73

1,734

1,543

Storage Update:  This week’s report showed a healthy but smaller-than-expected injection of 73 Bcf.  Analysts say the injection would have been larger but the gas was used to power the electric generators during this period. Inventories are 18% above the 5 year average. We are now 5% above last year’s storage number. This is an all-time high for this time of 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 16, 2010 was 973 rigs which was a net increase of 14 rigs.  The rig count is 213 higher than the count reported this same week last year. We are 23% below the 5-year avg. rig count of 1,271.

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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 22, 2010
(Price per therm at the well-head)

May-10

$0.4128

Oct-10

$0.4589

Mar-11

$0.5448

Jun-10

$0.4215

Nov-10

$0.4954

Apr-11

$0.5250

July-10

$0.4330

Dec-10

$0.5357

12-month

$0.4857

Aug-10

$0.4426

Jan-11

$0.5574

11/10-3/11

$0.53748

Sept-10

$0.4477

Feb-11

$0.5541

Crude oil

$83/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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