Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 30
We Know Energy
August 5, 2011 Energy Update
In this Issue
Editor's Note
Milder Temperatures Cooled Off Prices
Renewable Energy
Monday is the Deadline to Sign up for Wind Power and Receive Free Print Advertising!
Natural Gas
EIA Gas Storage Update - Data Released August 4, 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 For Natural Gas- 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
Milder Temperatures Cooled Off Prices
Week in review for period of July 29 - August 4, 2011

For this seven day report period, the 12 month average price for natural gas on the NYMEX fell 5.2%. The price for peak power traded on the PJM grid fell 3.2%. 

Analysts point to a number of variables that sparked this price drop. For starters, the weather cooperated this week with temperatures were cooler than the previous week. Thus, the reduction in the air conditioning demand meant that the power plants needed less gas. Then, Tropical Storm Emily formed near Florida but was expected to stay in the North Atlantic. This track posed no danger to the rigs in the Gulf of Mexico. 

Another variable that received attention this week was the natural gas storage fields. Even though July was a very hot month, the recent injections were large enough to cut our deficit from a year ago. At the start of July, storage levels were 9.1% below last year's levels. However, as of today, storages levels were only 6.6% below last year's levels. This means that natural gas production is high. Thanks to the shale gas discoveries, supplies have been more than enough to offset the electric utility's increased demand for natural gas.  

Over the last year, natural gas and electric prices have traded in a tight range. They are up one week and down the next. Please see the graphs in this newsletter for trend lines. The great news is that prices are still low relative to the last seven years. However, the summer is not over yet and hurricane season is still in play.

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