Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 40
We Know Energy
October 14, 2011 Energy Update
In this Issue
Editor's Note
The 112 Bcf Storage Injection was the Largest Injection Ever Recorded In October
Spotlight on Solar
Chimes International Activates 3,000-Panel, 670-Kilowatt Solar Panel Field on Baltimore City Campus
Natural Gas
EIA Gas Storage Update - Data Released October 13, 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
The 112 Bcf Storage Injection was the Largest Injection Ever Recorded In October
Week in review for period of October 7 to October 13, 2011

Energy prices fell again this week. This is the fifth week out of six weeks that energy prices have fallen. For this seven day report period, the 12 month average price for natural gas on the NYMEX fell 2.7%, and the 12 month average price for peak power on the PJM fell 1%.

During the last month, there has been little demand for natural gas because there has been minimal demand for space heating or cooling. Additionally, the manufacturing demand for natural gas has not been extremely robust. When you couple this slack demand component with the rising production numbers coming from the shale gas discoveries, you create a temporary gas glut. This unused gas has been pumped into storage. In fact, the natural gas storage injection reported this week was a whopping 112 Bcf. This was the first triple digit injection ever recorded in October.

However, do not be lulled to sleep. It appears that Winter may be heading this way. The 8-14 day forecast is now calling for the onset of below normal temperatures east of the Mississippi. As demand increases, there may some upward pressure placed on energy prices.

For now, gas prices are near the eight year low, and electricity prices are near the seven year low.

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