Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 4
We Know Energy
January 25, 2013 Energy Update
In this Issue
Editor's Note
Arrival of Colder Weather Fails to Budge Energy Prices
Natural Gas Fundamentals
Natural Gas Storage: Storage Levels Still Above the Five-year Average. Data Released January 24, 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
Weather
Local Heating Degree Days*
Recent Features
WGES Announces Pennsylvania Wind Power Product, Offers Southeastern Pa. Communities Incentives for Purchases (Nov. 30, 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
Arrival of Colder Weather Fails to Budge Energy Prices
Week in review for January 18-24, 2013

We are experiencing the coldest temperatures of the winter season, but the current cold snap has so far failed to significantly budge the energy markets. For this seven-day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) dropped by less than 1% and the 12-month average price for peak power on the PJM rose by less than 1%.

Despite this week's colder-than-normal temperatures, the month of January overall has still been 10% warmer than historical averages. Additionally, as we've mentioned before, December 2012 was 23% warmer than normal. The current winter temperatures have not been cold enough to cause a serious degradation of the natural gas storage bubble. In fact, the natural gas storage report shows that storage levels were 12% above the five-year average.

Next week, all eyes will be focused on the new storage report because those natural gas withdrawal numbers will take into account the cold weather currently affecting much of the country.

Stay tuned. Despite the fact that several days next week are predicted to be warm, the extended forecast from AccuWeather for the Washington, D.C. region (view details) calls for colder-than-average temperatures during the week of January 31 - February 3, 2013.

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