Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 13
We Know Energy
March 30, 2012 Energy Update
In this Issue
Editor's Note
More Record HIgh Temperatures
Natural Gas Fundamentals
Natural Gas Storage Update: Data Released March 29, 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
New MSN Video Features a WGES Customer's Green Power Commitment (March 23, 2012)




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
More Record HIgh Temperatures
Week in review for period of March 23-29, 2012

For this seven-day report period, the 12-month average price for natural gas on the NYMEX fell 2.6% and the 12-month average price for peak power on the PJM fell 1.7%.

Natural gas and electricity prices continue to trade at a ten-year low because supplies are high and demand is low. Natural gas supplies are unusually high thanks to the shale gas discoveries. On the other hand, energy demand is unusually low due to one of the warmest winters on record. Even March was warmer than normal. In fact, March 2012 was the warmest March on record  for Washington, D.C. 

It is very hard to know if this is the bottom. Looking forward, summer temperatures and hurricanes are two big variables that can impact the future direction of energy prices.

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