Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 35
We Know Energy
September 9, 2011 Energy Update
In this Issue
Editor's Note
Storms Cool Down the Temperatures and Prices
Customer Survey
Tell Us How We’re Doing...
Natural Gas
EIA Gas Storage Update - Data Released September 8, 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
University of Maryland College Park Unveils Its New Solar Array (Sept. 2)

 


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
Storms Cool Down the Temperatures and Prices
Week in review for period of September 2 - 8, 2011

In last Friday's Energy Update, we noted that natural gas prices on the NYMEX rose 4.5% and electricity prices on the PJM rose 2.8% . Those price increases were caused by the formation of Tropical Storm Lee in the Gulf of Mexico. However, for this seven day report period, the 12 month average price for natural gas on the NYMEX fell 4.3% and the 12 month average price for peak power on the PJM fell 1%.

Prices fell this week as the market place realized that Tropical Storm Lee, Hurricane Irene and Hurricane Nate would have very little impact on the supplies coming out of the Gulf of Mexico. In fact, these recent storms actually placed downward pressure on prices. Rather than disrupting supplies and causing price spikes, these recent  storms actually cooled down temperatures in much of the country and dampened  the country's energy demands. 

Another factor that may have placed downward pressure on energy prices this week was the news that the economy was  still operating in a slow growth mode. A lethargic economy normally places downward pressure on energy prices. 

There are many unpredictable variables that impact energy prices. The good news, for now, is that energy prices are still a bargain relative to the last seven years. (Please see the energy graphs included in this newsletter to see how today's prices compare to the last seven years.) Please call your account manager if you want to see if an early renewal strategy can save you money.

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