Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 26
We Know Energy
June 29, 2012 Energy Update
In this Issue
Editor's Note
Gulf of Mexico Drillers Deal With Season's First Tropical Storm
Natural Gas Fundamentals
Natural Gas Storage: Gas Surplus Shrinks For Ninth Week in a Row. Data Released June 28, 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 Cooling Degree Days*
Recent Features
WGES and Sterling Planet Donate $126,000 to the Chesapeake Bay Foundation’s Carbon Reduction Fund; Help Plant 1,500 Trees in Frederick, Md. (April 27, 2012)







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)

 

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
Gulf of Mexico Drillers Deal With Season's First Tropical Storm
Week in review for period of June 22 - 28, 2012

Last week we reported that natural gas and electricity prices had risen 8% since May 3, 2012. This upward trend continued this week. For this seven-day report period, the 12-month average price for natural gas on the NYMEX rose 4.2%, while the 12-month average price for peak power on the PJM rose 2%.

Weather was a big variable that placed upward pressure on energy prices. The week started with Tropical Storm Debby threatening the gas and oil rigs along the Gulf Coast. The U.S. Energy Information Administration reported that 17% of the rigs along the Gulf Coast were shut-in by Tuesday morning in preparation for this storm. Shut-ins typically spook the markets and thus create price spikes.

In addition to the season's first storm threat in the Gulf of Mexico, the six-day forecast called for the arrival of some very hot temperatures in most parts of the country. Hot temperatures can create a spike in energy demand because everyone flips the air conditioners to the cool mode. These demand spikes normally spook the markets and thus place some upward pressure on energy prices.

Stay tuned. The big question is whether or not the summer temperatures will be hot enough to keep the power plants running at full speed.

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