Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 29
We Know Energy
July 29, 2011 Energy Update
In this Issue
Editor's Note
The Markets Ignored the Hot Weather and Tropical Storm Don
Natural Gas
EIA Gas Storage Update - Data Released July 28, 2011
Baker Hughes Rotary Rig Count For Natural Gas
NYMEX Natural Gas Monthly Settlements For the Past 12 Months
NYMEX Values For the Forward 12 Months
NYMEX Graph - 12 Month Average Price Per Therm at the Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
Weather
Local Cooling Degree Days*
Recent Features
Philadelphia Brewery to Use 100% Wind Power Electricity From WGES (July 22)

 


Properties Can Profit from Residential Enrollments (June 24)

 

WGES Ranked #1 Supplier (June 3)

Our New Wind Power Partners
Corcoran Gallery of Art
Shipwright Harbor Inc.
Corcoran Gallery of Art
Shipwright Harbor Inc
Saint-Ex Group LLC
Buck Distributing Company
Kenwood House, Inc
The Town Council of Centreville, Maryland
Maryland Hotel Supply Company, Inc
American Society Interior Designers
GEA Process Engineering Inc.
Architectural Support Group
Barrell House Liquors
Washington International School
Regional Management, Inc
Merritt Properties
Demers Real Estate
Saint-Ex Group LLC
Buck Distributing Company
Kenwood House, Inc
The Town Council of Centreville, Maryland
Maryland Hotel Supply Company, Inc
American Society Interior Designers
GEA Process Engineering Inc.
Architectural Support Group
Barrell House Liquors
Washington International School
Regional Management, Inc
Merritt Properties
Demers Real Estate

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
The Markets Ignored the Hot Weather and Tropical Storm Don
Week in review for period of July 22 - July 28, 2011

For this seven day report period, the 12 month average price for natural gas on the NYMEX fell less than 1.8%. The price for peak power traded on the PJM grid fell 2%.  The market continued to ignore the new stories that would normally place upward pressure on prices.

For example, it was hot this week across much of the country. However, the market seemed pleased that it was not as hot as the previous week. Then, on top of the hot weather story, the market seemed to ignore Tropical Storm Don which formed in the Gulf of Mexico. Tropical Storm Don was expected to hit Texas this weekend and has caused a shut-in of 2.8% of the Gulf's gas output. But guess what?  The market seemed pleased to know that Don was going to bring much needed rain to Texas and that it would also bring cooler temperatures to the region.

For now, demand is moderate and supplies are looking good thanks to the U.S. shale gas discoveries. Don't be lulled to sleep. August is on the way. 

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