Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 10, Issue 50
We Know Energy
December 21, 2012 Energy Update
In this Issue
Editor's Note
Prices Inch Up As Winter Arrives
Natural Gas Fundamentals
Natural Gas Storage: Normal Temperatures Bring a Storage Withdrawal. Data Released December 20, 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
Weather
Local Heating Degree Days*
Recent Features
WGES Announces Pennsylvania Wind Power Product, Offers Southeastern Pa. Communities Incentives for Purchases (Nov. 30, 2012)


 



Renewable Energy Markets 2012 Conference Highlights WGES Staff and Customers (Oct. 5, 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 Inch Up As Winter Arrives
Week in Review for December 14-20, 2012

The weather forecast placed upward pressure on both natural gas and electricity prices this week. For this seven-day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 3% and the 12-month average price for peak power on the PJM rose 1.2%.

Energy prices ran up as the National Oceanic and Atmospheric Administration revised both their 6-10 day and 10-14 day forecasts. Both reports called for colder-than-normal temperatures for most of the country. This news should not have surprised the marketplace because today is the winter solstice, the official start of winter in the Northern Hemisphere. As you know, we will experience the least amount of daylight today as compared to any other day of the year. Nevertheless, the market heard the weather forecast and prices inched upward.

The weather will have to stay cold for more than 14 days if the Bulls want to keep this upward pressure on energy prices. It may be hard for the Bulls to sustain this price rally because the natural gas storage fields are very full for this time of year. In fact, as a result of this warm December, storage fields are now 1.8% above last year's levels, and 10.2% above the five-year average.

Stay tuned. Winter has only just arrived.

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