Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 2
We Know Energy
January 11, 2013 Energy Update
In this Issue
Editor's Note
Stalemate in Energy Prices
Natural Gas Fundamentals
Natural Gas Storage: Largest Withdrawal In More Than 20 Months. Data Released Jan. 10, 2013
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
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

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
Stalemate in Energy Prices
Review for January 4 - 10, 2013

The Bulls and the Bears wrestled to a tie this week as one news story placed upward pressure on energy prices while another headline placed downward pressure on prices. For this seven-day report period the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose less than 1% and the 12-month average price for peak power on the PJM fell by less than 1%.

Early in the week energy prices dropped because of warmer-than-normal temperatures in most of the country. At that point, it looked like we were going to experience a second consecutive week of falling prices.

However, yesterday (Thursday, January 10) energy prices rose as the Energy Information Administration (EIA) reported a larger-than-expected natural gas withdrawal from storage. EIA reported a withdrawal of 201 Bcf, which was the largest withdrawal since February 2011. As a result of this news, the year-to-year surplus dropped to a deficit. Storages are now 2.6% below last year's levels.

Weather, of course, is a big variable that impacts energy prices. While December 2012 was the 10th warmest December on record, it is too early to tell what type of winter we will experience. We are only halfway through the traditional heating season, which runs from November 1 to March 31.

The updated weather forecast from the National Oceanic and Atmospheric Administration (NOAA) is calling for colder-than-normal temperatures east of the Mississippi next week. Cold weather tends to place upward pressure on energy prices. Stay tuned.

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