Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 23
We Know Energy
June 17, 2011 Energy Update
In this Issue
Editor's Note
Lack of Hot Weather is the Main Story
Renewable Energy
Watch the Mail
Natural Gas
EIA Gas Storage Update - Data Released June 16, 2011
Baker Hughes Rotary Rig Count
NYMEX Natural Gas Monthly Settlements For the Past 12 Months
NYMEX Values For the Forward 12 Months
NYMEX 12-Month Average Price Per Therm at the Well-Head
PJM Electricity
PJM 12-Month Average Peak Power Price
Weather
Local Heating Degree Days*
Recent Features
WGES Ranked #1 Supplier (June 3)

 

WGES Adds New Service Territories in Pennsylvania (May 13)




WGES President Harry Warren Interviewed by Washington Post about Innovative Natural Gas Enhancement (May 6)

Our New Wind Power Partners
Baltimore Monthly Meeting House of Friends Homewood
Bethesda United Methodist Church
BrightStar Healthcare
Capital Restaurant Holdings, Inc.
Embassy of Egypt
Embassy of Finland
Hay Adams Hotel
Paul Associates
Prince George's County Libraries
Yard's Brewing Co.

Visit wges.com/partners for full list of WGES Wind Power Partners.

 
To find out more about a green power purchase for your organization, call 703-793-7578, or visit wges.com/commercialwind.

For more information, contact your WGES Account Manager or wges_lgc@wges.com.
Editor's Note
Lack of Hot Weather is the Main Story
Week in review for period of June 10 - June 16, 2011

For this seven day report period, energy  prices across the board dropped. The 12-month average price for natural gas at the Henry Hub well-head fell 4%. Natural gas has now dropped 6% in two weeks. The trading prices for peak power on the PJM electricity grid fell 3.9%. Crude oil fell from $101/barrel to $95/barrel.

Analsyts seemed to agree that  this week's price decline was tied to the disappearance of last week's heat wave. According to BENTEK Energy Services, the power plant sector consumed 9.6% less gas this week than the previous week. In other words, the air condtioning load was less this week and thus less natural gas was consumed by the power plants  during this week's production process.

There are many variables that impact energy prices. During this time of year, weather is a huge wild card. However, analysts are also watching the pace of the economic recovery. Stay tuned.

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