Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 10
We Know Energy
March 9, 2012 Energy Update
In this Issue
Editor's Note
Prices Near 10-year Lows After Fourth Warmest Winter on Record
Natural Gas Fundamentals
Natural Gas Storage Update: Data Released March 8, 2012
Baker Hughes Rotary Rig Count For Natural Gas
NYMEX Natural Gas Monthly Settlements For the Past 12 Months
NYMEX Values Per Month 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
WGES' Parent Company Announces Plans to Jointly Develop 200-mile Interstate Gas Pipeline (March 2, 2012)

 



WGES Customers Show How Small Changes Make a Big Difference (Jan. 27, 2012)

 


D.C.'s Dumbarton House Reduces its Carbon Footprint with Purchase of Carbon Offsets from WGES (Dec. 30, 2011)

 



U.S. EPA Honors the District of Columbia with the Green Power Community of the Year Award (Dec. 9, 2011)

 


Our New Wind Power Partners
Green Power Leadership Award Winner - U.S. Department of Energy

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
Prices Near 10-year Lows After Fourth Warmest Winter on Record
Week in review for period of March 2 - 8, 2012

For the second week in a row, energy prices fell. For this seven-day report period, the 12-month average price for natural gas on the NYMEX fell 5.6% and the 12-month average price for peak power on the PJM fell 1%.

Natural gas and electricity prices were unable to spike upwards this year because winter demand never occurred. In fact, according to the U.S. National Climatic Data Center, this was the fourth warmest winter on record. (The warmest winter on record was 2000, in case you're wondering.)

Because of these warmer-than-normal winter temperatures, less natural gas was pulled from storage to meet the country's low heating demand. Thus, we are expected to end the winter season with the largest natural gas inventory since 1983.

With high supply and low demand, natural gas and electricity prices are hovering near 10-year lows. It's hard to imagine that prices can go much lower.

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