Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 5
We Know Energy
February 1, 2013 Energy Update
In this Issue
Editor's Note
Energy Prices Remain Flat For the Second Week in a Row
Spotlight on Sustainability
Ridgewells, the D.C. Area's Largest Catering Company, Purchases WGES Green Products
Natural Gas Fundamentals
Natural Gas Storage: Storage Levels 12% Above the Five-Year Average. Data Released January 31, 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
Energy Prices Remain Flat For the Second Week in a Row
Week in review for January 25-31, 2013

For a second week in a row energy prices barely budged. 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 dropped by less than 1%.

National temperatures from January 18 to January 25 were close to normal, although here in the mid-Atlantic region we experienced some of the coldest weather of the year during this time period. According to the Energy Information Administration, "temperatures in the Lower 48 states averaged 33 degrees, compared to the 35.7 degrees last year and the 30-year normal of 33.1 degrees."

Without sustained colder-than-normal temperatures, energy prices have been unable to sustain any major price spikes.

Although we have experienced a couple of weeks that were colder than normal, most of the winter has actually been warmer than normal.  Locally, December 2012 was 23% warmer than normal and January 2013 was 16% warmer than normal.

Winter temperatures have not been cold enough to cause a serious degradation of the natural gas storage bubble. This week's natural gas storage report shows that storage levels are still 12% above the five-year average.

Unless colder-than-normal temperatures make a long-term visit in February, energy prices may have a tough time staging a winter rally. Stay tuned. The 14 day extended forecast from AccuWeather for the Washington, D.C. region (view details) calls for warmer-than-average temperatures for the first two weeks February.

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