Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 34
We Know Energy
September 2, 2011 Energy Update
In this Issue
Editor's Note
Hurricanes Dominate the News
Spotlight on Solar
University of Maryland College Park Unveils Its New Solar Array
Natural Gas
EIA Gas Storage Update - Data Released September 1, 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
WGES Helps the D.C. Metro Area's Oldest Jewish Day School Go Solar (August 26)

 


Perdue Completes First Phase for WGES-owned Solar Power System (August 12)

 


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
Hurricanes Dominate the News
Week in review for period of August 26 - September 1, 2011

In last Friday's Energy Update, we reported that natural gas and electricity prices closed on a flat line. However, for this seven day report period, the 12 month average price for natural gas on the NYMEX rose 4.5% and the 12 month average price for peak power on the PJM rose 2.8%.

At the start of the week, it looked like a sluggish U.S. economy and Hurricane Irene would dampen demand for natural gas and electricity and thus place downward pressure on energy prices. Then the government reported that the United States did not create any jobs in the month of August, and the unemployment rate stayed at 9.1%. A lethargic economy can place downward pressure on energy prices. Hurricane Irene proved to be less devastating than feared, knocking out power on the Eastern Seaboard and reducing temperatures, which caused a reduction in power demand and placed downward pressure on energy prices.

However, as soon as the National Hurricane Center mentioned that a new tropical depression was brewing in the Gulf of Mexico, the bulls took over and energy prices started to rise. Tropical depression #13 is expected to turn into a tropical storm today. This storm has already caused "shut-ins' in the Gulf of Mexico and has immediately placed upward pressure on energy prices.

Even though the on-shore shale gas boom in the U.S. has reduced our dependency on our gas/oil rigs in the Gulf of Mexico, any tropical disturbance in the Gulf of Mexico will spook the market and thus place upward pressure on energy prices, as we saw this week. Stay tuned. Hurricane season does not end until November 1st. For now, the good news is that natural gas and electricity prices are still trading near a seven year low.

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