Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 31
We Know Energy
August 12, 2011 Energy Update
In this Issue
Editor's Note
Energy Prices Are Up and Down Like the Stock Market
Spotlight on Solar
Perdue Completes First Phase for Solar Power System Owned by WGES
Natural Gas
EIA Gas Storage Update - Data Released August 11, 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
Energy Prices Are Up and Down Like the Stock Market
Week in review for period of August 5-11, 2011

Like the stock market, energy prices do not know whether to go up or down. Last Friday, we reported that  the 12 month average price for natural gas on the NYMEX fell 5.2% and the 12 month average price for peak power on the PJM grid fell 3.2%. However, for this 7 day report period, the 12 month average price for natural gas on the NYMEX rose 3.9%, and the 12 month average price for peak power on the PJM grid rose 2%.

Does this sound familiar? Energy prices have been chopping sideways for more than a year. The bottom line is that natural gas and electricity prices continue to trade near a seven year low because the world economies are sluggish which means lower demands for energy. Then, from the supply side, natural gas supplies are higher than expected because of the shale gas discovery. According to a report in the August 11th, 2011, Washington Post, "shale gas accounted for less than 2% of total U.S. natural gas production in 2001:  it is now close to 30 percent, and the Energy Information Administration projects that it will amount to 45 percent of domestic production by 2035."  In other words, supply is high and demand is low for now.

Many variables can affect the direction of energy prices. At  this moment in time, all eyes are on the economy and the weather. The summer is not over yet and hurricane season is still in play.

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