Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 20
We Know Energy
May 17, 2013 Energy Update
In this Issue
Editor's Note
How Long Will Spring be in the Air?
Natural Gas Fundamentals
Natural Gas Storage: Another Above Average Injection. Data Released May 16, 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
How Long Will Spring be in the Air?
Week in Review for May 10-16, 2013
We have experienced a small price decrease for the fourth 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%. The 12-month average price for peak power on the PJM fell by less than 1%.

Although many variables impact energy prices, weather has a major influence on the movement of natural gas and electricity prices. Spring is a good time to look at energy prices because this season is also known as a "shoulder season." During this time of year, you may see some downward pressure on energy prices because, in theory, you have minimal heating demand as well as minimal cooling demand.

Although the recent price drops may be short-lived, these drops are best explained by saying "spring is here." The evidence can be found in the natural gas storage numbers. In this week's natural gas storage report, we saw an injection of 99 Bcf, which was an above-average injection for the second week in a row. Thanks to these last two larger-than-normal injections, we have cut into the storage deficit for the second week in a row.

However, forecasters are calling for a return to normal weather, which means it will be time to turn on the air conditioners. So, this "shoulder season" may indeed be short-lived. If hot temperatures arrive, and natural gas is directed to the power plants instead of the natural gas storage fields, we may begin to see some upward pressure on both natural gas and electricity prices.

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