Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 14
We Know Energy
April 6, 2012 Energy Update
In this Issue
Editor's Note
The Traditional Heating Season Ends With Record High Gas Inventories
Spotlight on Wind Power
WGES Renewable Energy Products Are Now Green-e Energy Certified
Natural Gas Fundamentals
Natural Gas Storage Update: Data Released April 5, 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
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

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
The Traditional Heating Season Ends With Record High Gas Inventories
Week in review for period of March 30 - April 5, 2012

The traditional winter heating season, November 1 through March 31, is over. As a result of one of the warmest winters on record, demand for energy was squashed, and the natural gas surplus grew to record high levels. Check out these numbers: The gas surplus is now 55% greater than last year at this time and 60% greater than the five-year average.

Thanks to the abundant supplies of natural gas from the recently discovered shale formations, and the absence of any significant heating demand this winter, natural gas and electricity prices are hovering at a ten-year low.

What happens next? It looks like natural gas and electricity prices have stabilized at this level for now. For this seven-day report period, the 12-month average price for natural gas on the NYMEX fell less than 1%, and the 12-month average price for peak power on the PJM fell less than 1%. This is the second week in a row that prices have remained relatively flat.

It is very hard to know if this is the bottom. Looking forward, summer temperatures, the hurricane season, and natural gas shut-ins are three big variables that could impact the future direction of energy prices.

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.