Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 37
We Know Energy
September 23, 2011 Energy Update
In this Issue
Editor's Note
Today is the Official Start of the "Shoulder Season"
Natural Gas
EIA Gas Storage Update - Data Released September 22, 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
Today is the Official Start of the "Shoulder Season"
Week in review for period of September 16 - 22, 2011

Welcome to the first day of Fall. In the energy business, this time of year is also called "the shoulder season." The "shoulder season" refers to the calm weather period that lies between a hot summer and a cold winter. During this season, there is typically low energy demand for both heating and cooling which can place some downward pressure on energy prices.

When you hitch the start of a shoulder season to a slow economic forecast, the "bears" come out to play. Thus you may not be surprised to hear that energy prices fell for the third week in a row. The 12 month average price for natural gas on the NYMEX fell 3.2% and the 12 month average price for peak power on the PJM fell 1%. Additionally crude oil fell from $89/barrel to $80/barrel. Crude oil prices are trading near a 30 day low.

At the risk of being redundant, the bottom line for now is that natural gas supplies are still robust and energy demand is still weak. However, these conditions can change rapidly as Winter gets closer. Energy demand can spike rapidly once people start heating their homes.

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