Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 9, Issue 44
We Know Energy
November 14, 2011 Energy Update
In this Issue
Editor's Note
Although Prices Had Been Flat, They Finally Fell
Focus on New Business
WGES Selected to Supply 1.5 Million Megawatt Hours Per Year to the Baltimore Regional Cooperative Purchasing Committee
Natural Gas
EIA Gas Storage Update - Data Released November 10, 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
Although Prices Had Been Flat, They Finally Fell
Week in review for period of November 4 to November 10, 2011

Note: This issue of Energy Update is publishing today because our offices were closed on Friday, November 11 for Veterans Day.

During the period of October 14 to November 4, 2011, natural gas and electricity prices were relatively flat. However, last week prices fell. The 12 month average price for natural gas on the NYMEX fell 3.5%, and the 12 month average price for peak power on the PJM fell 1.8%.

Weak energy demand may explain the price decreases. The sluggish economic reports and warm weather forecasts placed downward pressure on natural gas and electricity prices last week. The weather forecasters are calling for warmer than normal temperatures east of the Mississippi for the next 8-14 days.

On the supply side, the end of the traditional injection season arrived on October 31. We are heading into this winter with ample supplies — 3.8 Bcf in storage, which is just 16 Bcf or .4% shy of the all-time record high set in October 2010.

For now, prices are very attractive. How much lower can prices go? This is still a good time to look at the early renewal strategy.

spacer spacer
Print This Article Print This Issue
Print This Article Print This Article
spacer spacer
Next Article Next Article
Return to Top Return to Top
spacer spacer
How helpful is this article?
WGES Home  |  Forward to a Friend  |  Plain Text Version  |  Past Issues
Washington Gas Energy Services strives to provide concise and accurate information from dependable sources for information contained in this report. Nevertheless, Washington Gas Energy Services does not warrant the authenticity of such information. This report is not intended to serve as a trading tool for customers or for potential customers. If you would like to like to receive this information via email, please send your request to wges_lgc@wges.com.

To ensure delivery of the ENERGY UPDATE, please add wges_lgc@wges.com to your email address book or Safe Sender List.
If you are still having problems receiving our communications, see our white-listing page for more details.