Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 43
We Know Energy
November 4, 2011 Energy Update
In this Issue
Editor's Note
Three Flat Weeks In a Row But Winter Is On the Horizon
Focus on Solar
WGES and Kent County, Maryland Announce 1.58 Megawatt Solar Project
Natural Gas
EIA Gas Storage Update - Data Released November 3, 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 Heating 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
Panera Bread of Maryland (Lemek LLC)
Calvary Baptist Church
Mountain View Community Church
Caser Chavez Public School
PB Dye Golf Club
Behnke Nurseries
Townes of North Creek
Victory Racing Plate Company
Village Management, Inc.
Mt. Airy Bicycles
College Park Bicycles
Donatelli Development
Blue Ocean Realty
Mandarin Oriental
Bank of Georgetown
Embassy of Bosnia Herzogovina
Baltimore International College Foundation
The Shakespeare Theatre Co.
Kaiser Foundation Health Plans of Mid-Atlantic States
Carbon

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
Three Flat Weeks In a Row But Winter Is On the Horizon
Week in review for period of October 28 to November 3, 2011

For the third week in a row, natural gas and electricity prices were relatively flat. For this seven day report period, the 12 month average price for natural gas on the NYMEX rose less than 1%, and the 12 month average price for peak power on the PJM fell less than 1%.

The early onset of cold and snowy weather in the North East tried to place some upward pressure on natural gas and electricity prices. However, this upward price swing was easily squashed once the weather forecasters announced that temperatures over the next 8-14 days were expected to be warmer than normal east of the Mississippi.

Although the months ahead are winter and normally translate into increased demand for energy, no one is panicking. For now, natural gas supplies are high and energy demand is still low. Natural gas prices are hovering at an eight year low and electricity prices are hovering near a seven year low. Prices are very attractive at this time. How much lower can prices go? This is a good time to look at the early renewal strategy.

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