Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 45
We Know Energy
November 9, 2012 Energy Update
In this Issue
Editor's Note
Record-High Gas Surplus Keeps Lid on Prices
Natural Gas Fundamentals
Natural Gas Storage: Storage Fields at Record High Levels. Data Released Nov.8, 2012
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 Louisiana Well-Head
PJM Electricity
Graph - PJM 12-Month Average Peak Power Price
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

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
Record-High Gas Surplus Keeps Lid on Prices
Week in Review for November 2 - 8, 2012

As we entered early autumn, the demand created by customers who began heating their homes helped cause a brief run up in natural gas and electricity prices. From September 7 to October 11, 2012 natural gas prices on the NYMEX rose 24% and electricity prices on the PJM transmission grid rose 9.8%.

However, since October 11, 2012, natural gas and electricity prices have have been relatively flat. For this seven-day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) dropped by 1.8% and the 12-month average price for peak power on the PJM both rose by less than 1%.

One variable that is keeping a lid on the price increases is the natural gas surplus. We are starting the heating season with a record-high gas surplus. The natural gas storage surplus, on a year-to-year basis, is 2.9% above last year's levels. The storage surplus is now 6.6% above the five-year average.

Storages are full and we are ready for winter. The big question is whether or not the winter temperatures will be cold enough to significantly reduce the size of the gas bubble and place upward pressure on prices.

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