Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 48
We Know Energy
December 7, 2012 Energy Update
In this Issue
Editor's Note
Market Receives Mixed Pricing Signals
Natural Gas Fundamentals
Natural Gas Storage: Year-To-Year Surplus Is Gone For Now. Data Released December 6, 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
PJM Graph for Electricity - 12 Month Average Peak Power Price
Local Heating 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
Market Receives Mixed Pricing Signals
Week in Review for November 30 - December 6,2012

There were no big winners or losers this week. The bulls and the bears wrestled to a stalemate. Natural gas and electricity prices literally rose one day but closed lower the next. This trade off happened all week. At the end of this seven day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 0.7% and the 12-month average price for peak power on the PJM also rose less than 1%.

This week the marketplace received both good news and bad news. Thus energy prices were unable to sustain any big increases or decreases. Here are a couple of news stories that kept prices flat this week.

First, the 8-14 day weather forecast from the National Oceanic and Atmospheric Administration (NOAA) predicted colder than normal temperatures west of the Mississippi. Cold weather can place upward pressure on prices. However NOAAH also predicted warmer than normal temperatures east of the Mississippi which can place downward pressure on prices. The cold weather news neutralized the warm weather news.

Second, the other news story that sent mixed signals to the marketplace came from the Energy Information Administration (EIA). In their weekly natural gas storage report EIA reported the largest withdrawal of the season. As a result of this large withdrawal, we are no longer running a surplus to last year. This type of news can place upward pressure on prices. However, the same report showed that we have plenty of gas in storage to get us through the winter. The natural gas storage fields are 4.6% above the five-year average. This type of news can place downward pressure on prices. These storage positions sent mixed signals to the marketplace. The year-to-year deficit was neutralized by the fact that we are still 4.6% above the five year average.

Winter temperatures and storage reports continue to influence the near-term direction of energy prices. Stay tuned.

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