Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 6
We Know Energy
February 8, 2013 Energy Update
In this Issue
Editor's Note
Energy Prices Remain Flat For the Third Week in a Row
Spotlight on Renewable Energy
Washington Gas Energy Services Receives Green-e Energy Certification of New WGES PA WindPower Renewable Energy Product
Natural Gas Fundamentals
Natural Gas Storage: Levels Now 15% Above the Five-Year Average. Data Released February 7, 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
Ridgewells, the D.C. Area's Largest Catering Company, Purchases WGES Green Products (Feb. 1, 2013)


 


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 Third Week in a Row
Week in review for February 1-7, 2013

For the third 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 1% and the 12-month average price for peak power on the PJM rose by 1%.

Even though the National Oceanic and Atmospheric Administration (NOAA) revised their mid-February forecast and announced that most of the country would be colder-than-normal, energy prices were unable to spike upward this week. Apparently the marketplace ignored the weather report and focused on the fact that the peak heating month of January was behind us. Plus, energy prices were held in check because the natural gas storage report showed that the natural gas inventories were now 15% above the five-year average.

Without colder-than-normal temperatures, energy prices have been unable to sustain any major price spikes. Unless temperatures in February and March take a sustained dip below historical averages, 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 normal temperatures, but most of the country is expecting colder-than-normal temperatures.

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