Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 41
We Know Energy
October 21, 2011 Energy Update
In this Issue
Editor's Note
Energy Prices Flat This Week As We Await the Arrival of Cold Weather
Natural Gas
EIA Gas Storage Update - Data Released October 20, 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
Chimes International Activates 3,000-Panel, 670-Kilowatt Solar Panel Field on Baltimore City Campus (Oct. 14)

 



Perdue Completes Final Phase of WGES-owned Solar Power System (Oct. 7)

 


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
Energy Prices Flat This Week As We Await the Arrival of Cold Weather
Week in review for period of October 14 to October 20, 2011

Energy prices were flat this week. This was only the second week out of seven weeks that natural gas and electric prices did not fall. For this seven day report period, the 12 month average price for natural gas on the NYMEX was identical to last week's close. The 12 month average price for peak power on the PJM also closed at last week's level.

During the shoulder month called October, when heating and cooling demands are minimal, it is not a huge surprise to see downward pressure on energy prices. However, one of the big variables placing downward pressure on prices this October versus last October is supply. Natural gas supplies are more robust this year thanks to the shale gas discoveries. For example, have you seen the natural gas storage numbers over the last few weeks? The gas injections during the first two weeks of October are 65% greater than the 5 year average and 41% greater than last year. This is one sign that production is up. High production and mild weather are keeping a lid on energy prices for now.

However, winter is heading this way. The 8-14 day forecast calls for the onset of below normal temperatures east of the Mississippi. As demand increases, there may some upward pressure placed on energy prices.

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