Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 39
We Know Energy
October 7, 2011 Energy Update
In this Issue
Editor's Note
Prices Have Fallen Four Out of the Last Five Weeks
Spotlight on Solar
Perdue Completes Final Phase of WGES-owned Solar Power System
Natural Gas
EIA Gas Storage Update - Data Released October 6, 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
Prices Have Fallen Four Out of the Last Five Weeks
Week in review for period of September 30 - October 6, 2011

In last Friday's newsletter, we reported that natural gas and electricity prices ended the week flat. However, energy prices fell this week. In fact, this is the fourth week out of five weeks that energy prices have fallen.

For this seven day report period, the 12 month average price for natural gas on the NYMEX fell 1.7%, and the 12 month average price for peak power on the PJM fell 2.2%.

We continue to experience some downward pressure on natural gas and electricity prices because supplies are high and demand is low. From a supply standpoint, we will start winter with lots of natural gas in storage. Storage levels are now 1% above the five year average. The shale gas discoveries have helped create this robust supply picture. Plus, the tropical weather cooperated this year in the Gulf of Mexico as very few storms affected the supply chain.

From a demand side, energy needs for heating and cooling are minimal at this time of year. Additionally the slow economic recovery has translated into low demand for natural gas and electricity .

Since supply is high and demand is low, prices are low. If you have not locked next winter's prices, this is a great time to discuss your renewal strategy with your WGES account manager. Gas prices are now near the eight year low, and electricity prices are near the seven year low.

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