Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 38
We Know Energy
September 21, 2012 Energy Update
In this Issue
Editor's Note
Fall Arrives Saturday
Focus on Green Power
Final Reminder: RSVP for WGES-sponsored Lunch and Learn Program in Washington, D.C.
Natural Gas Fundamentals
Natural Gas Storage: Respectable Injection But Bubble Shrinks Again. Data Released September 20, 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 Louisiana Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
Weather
Local Cooling Degree Days*
Recent Features
WGES-owned Solar Projects in Maryland Dedicated, Activated (July 20, 2012)





WGES Announces Special Offers to Support Philadelphia’s Quest to Become the Nation’s #1 Green Power Community (June 22, 2012)






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)

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
Fall Arrives Saturday
Week in Review for September 14-20, 2012

Here we go again. Energy prices are range bound. They bump up one week and are down the next. Last week, we saw an unexpected jump as natural gas prices rose 6.7%, and the 12-month average price for peak power on the PJM rose 3%. However, for this seven-day report period, the average 12-month price for natural gas on the NYMEX fell 3.4%, and the 12-month average price for peak power on the PJM fell 1.7%.

We can explain most of this week's price drop by looking at the weather. The brutally hot days of summer are behind us. The arrival of cooler temperatures has reduced the demand for natural gas and thus placed some downward pressure on prices. In fact, according to data from Bentek Energy, "consumption for natural gas for power generation declined 13.1 percent, reflecting reduced air-conditioning demand as summer temperatures continued to subside."

Fall officially arrives on Saturday, September 22, which normally means lower demand for heating and cooling. Even with the arrival of autumn do not expect prices to fall. Many analysts expect energy prices to remain range bound until we see how winter demand materializes. The official start of winter is December 21.

For now we are enjoying cool weather and energy prices that are trading near a nine-year low. But stay tuned, mother nature is unpredictable and can have a huge impact on the direction of energy prices.

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