Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 46
We Know Energy
November 16, 2012 Energy Update
In this Issue
Editor's Note
Prices Jumped This Week.
Natural Gas Fundamentals
Natural Gas Storage: First Withdrawal of the Season. Data Released Nov.15, 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
Prices Jumped This Week.
Week in Review for November 9-15, 2012

Although energy prices have been relatively flat over the last few weeks, we saw prices creep upward this week. For this seven-day report period the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 1.9% and the 12-month average price for peak power on the PJM rose by 2.2%.

As you can see from the line graphs in this newsletter, energy prices have leveled out over the past few weeks. The market could not decide which direction to go. However, this week natural gas and electricity prices inched upward as the recent cold snap created demand for space heating.

On top of the space heating demand, we are also dealing with the fact that more power plants are switching from coal to clean natural gas to fuel their turbines. These two components, space heating demand and power plant conversions, can increase the demand for natural gas and place upward pressure on energy prices this winter.

Thanks to the convergence of these two demand components we even experienced our first withdrawal of the season. This week we saw a natural gas withdrawal of 11 Bcf from the storage fields, which was the first withdrawal of the season. Last year at this time we saw an injection of 20 Bcf.

At this time of year winter is always the wild card. The big question is whether temperatures this winter will be cold enough to significantly reduce the size of the gas storage bubble and keep upward pressure on prices.

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