Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 28
We Know Energy
July 13, 2012 Energy Update
In this Issue
Editor's Note
Uneventful Week As The Weather Moderated
Natural Gas Fundamentals
Natural Gas Storage: Gas Surplus Shrinks For Eleventh Week in a Row. Data Released July 12, 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
Uneventful Week As The Weather Moderated
Week in review for period of July 6 - July 12, 2012

After two weeks of price increases, natural gas and electric prices were relatively flat this week. For this seven day report period, the 12-month average price for natural gas on the NYMEX fell 1% while the 12-month average price for peak power on the PJM rose 1.5%.

Since May 3, 2012, hot weather has placed upward pressure on energy prices. Natural gas prices have risen 13% and electricity prices have risen 3.5% since the unusually hot temperatures arrived in the beginning of May. High temperatures cause power plants to burn natural gas which produces the extra electricity that is needed to operate the air conditioners. Demand spikes can place upward pressure on energy prices.

Luckily the weather moderated this week and so did the energy prices. However, forecasters are calling for the return of hotter than normal temperatures next week. If these hotter than normal temperatures continue through the summer, some analysts fear that the current natural gas bubble could be much smaller by the time we hit November. It is interesting to note that the natural gas surplus has shrunk from 55% above the five-year average to 22% above the five-year average since May 3, 2012.

The big question remains the same.  Will the summer temperatures be hot enough to erase the gas bubble?

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