Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 41
We Know Energy
October 12, 2012 Energy Update
In this Issue
Editor's Note
Prices Continue to Rise
Focus on Renewable Energy
WGES' Harry Warren Discusses the Impact of Natural Gas on Renewables
Natural Gas Fundamentals
Natural Gas Storage: Gas Bubble Continues to Shrink. Data Released Oct. 11, 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 Louisana Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
Weather
Local Cooling Degree Days*
Recent Features
Renewable Energy Markets 2012 Conference Highlights WGES Staff and Customers (Oct. 5, 2012)

 


The Brick Companies Converts Entire Maryland Portfolio to 100 Percent WGES CleanSteps® WindPower and Reduces its Carbon Footprint (Sept. 28, 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
Prices Continue to Rise
Week in Review for October 5-11, 2012

Energy prices rose again this week. For this seven-day report period the average 12-month price for natural gas on the NYMEX rose 4.7% and the 12-month average price for peak power on the PJM rose 2.1%. From September 7 to October 11, 2012 natural gas prices have risen 17.4% and electricity prices have risen 8.1%.

Weather is the fundamental variable that appears to get credit for this week's price spike. According to BENTEK Energy, natural gas consumption this week was 5.9% higher than the previous week. This increased demand was primarily attributed to the fact that people were turning on their space heaters this week. As energy demand rises, energy prices tend to follow.

Who uses natural gas for space heating? According to the U.S. Energy Information Administration, "natural gas is the most widely used source for household space heating, with 58.3 million homes relying on natural gas heating, while 43.8 million homes heat with electricity, 7.2 million heating with oil, 5.7 million with propane, and 2.5 million with wood. "

For now, the market is focused on the fact that winter demand is on the way. However, it will be interesting to see what happens next week as the six-to-10-day forecast calls for warmer-than-normal temperatures in the northeastern United States.

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