Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 19
We Know Energy
May 10, 2013 Energy Update
In this Issue
Editor's Note
Was This The Calm Before The Storm? A Boring and Uneventful Week.
Natural Gas Fundamentals
Natural Gas Storage: First Above Average Injection of The Season. Data Released May 9, 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
Washington, D.C.’s Union Station Now Powered by 100 Percent Wind Energy Provided by WGES (April 12, 2013)


 


New Contract with WGES Helps D.C. Retain Position as the Nation’s #1 Green Power Community (March 8, 2013)


 


WGES and Sterling Planet Renew Unique Partnership and CleanSteps® Carbon Offsets Agreement (March 1, 2013)


 


WGES and Shell Energy Enter Into Strategic Supply Arrangement (Feb. 22, 2013)


  

Washington Gas Energy Services Receives Green-e Energy Certification of New WGES PA WindPower Renewable Energy Product (Feb. 8, 2013)


 



Ridgewells, the D.C. Area's Largest Catering Company, Purchases WGES Green Products (Feb. 1, 2013)




Our Wind Power Partners
Green Power Leadership Award Winner - U.S. Department of Energy


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
Was This The Calm Before The Storm? A Boring and Uneventful Week.
Week in Review for May 3 - May 9, 2013

Even though it was a relatively uneventful news week for natural gas and electricity, we still saw a small price decrease for the third week in a row. During this seven-day report period the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) fell 1.4 %. The 12-month average price for peak power on the PJM fell by less than 1%.

After the price rally from March we revel in any price decline that comes our way. This was only the fourth time in eleven weeks that we experienced a downward move. The one news story that kept some downward pressure on energy prices this week was from the Energy Information Administration's weekly storage report. According to EIA, we saw our first above average injection of the refill season. This week's injection was 88 Bcf which was the largest injection of the re-fill season.  

However, we will need many more above-average injections if we hope to keep a lid on prices. As you know, the gas bubble from a year ago has disappeared. The natural storage levels were 5% below the five-year average and 28% below last year's levels.

At the risk of being redundant, the next wild card to watch is the summer weather. If we have a hot summer and natural gas is directed to the power plants instead of the storage fields, we may see more upward pressure on both natural gas and electricity prices. Hot weather is a big wild card because more and more power plants are switching from coal to natural gas. 

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