Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 17
We Know Energy
April 27, 2012 Energy Update
In this Issue
Editor's Note
The Market Experiences First Price Increase in Six Weeks.
Spotlight on Sustainability
WGES and Sterling Planet Donate $126,000 to the Chesapeake Bay Foundationís Carbon Reduction Fund; Help Plant 1,500 Trees in Frederick, Md.
Natural Gas Fundamentals
Natural Gas Storage At Record High Level: Data Released April 26, 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
WGES Provides Green Energy Products to Mandarin Oriental, D.C. (April 20, 2012)

WGES Renewable Energy Products Are Now Green-e Energy Certified (April 6, 2012)

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)


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 Market Experiences First Price Increase in Six Weeks.
Week in review for period of April 20 -26, 2012

For the first time in six weeks, we saw an increase in natural gas prices. The 12-month average price for natural gas on the NYMEX rose 4.7% for this report period. Electricity prices rose for the third time in six weeks. For this report period, the 12-month average price for peak power on the PJM rose 2.5%.

Even though the energy markets saw a small price increase this week, the big picture remains the same. Natural gas and electricity prices are hovering near a 10-year low because we are coming off the fourth warmest winter on record, which helped create a record-high natural gas surplus. And, production is plentiful. The gas surplus over the five-year average sits at 55%. 

However, the big question is how long this supply-and-demand imbalance last. Summer is on the way, producers are beginning to shut-in their natural gas wells, electric power plants are switching from burning coal to burning natural gas, and energy companies are trying to export the surplus natural gas to the overseas markets.


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