Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 21
We Know Energy
May 24, 2013 Energy Update
In this Issue
Editor's Note
The "Shoulder Season" is Over as Prices Rise
Spotlight on Wind Power
WGES Selected to Provide Groundswell 100 Percent Wind Power for its Community Power Program Bid
Natural Gas Fundamentals
Natural Gas Storage: Injection Number Close to Five-Year Average. Data Released May 23, 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 Presents $88,000 to Chesapeake Bay Foundation at Annual Earth Day Tree Planting (April 26, 2013)


 


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)


 


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.
Natural Gas Fundamentals
Natural Gas Storage: Injection Number Close to Five-Year Average. Data Released May 23, 2013

 

 

Current Week

Last Week 

Net Change 

This Week Last Year 

Prior 5 Year Average 

 

Stocks (Bcf) 

Stocks (Bcf) 

(Bcf) 

Stocks (Bcf) 

Average (Bcf) 

Total Lower 48 

2,053

1,964

+89

2,733

2,137

Storage Update:  Although the storage injections were below average in April, the May injections have been closer to normal. In this week's report we saw an injection of 89 Bcf.

Last year at this time, we saw an injection of 75 Bcf. The five-year average injection for this time period was 90 Bcf.  Although this week's injection fell below expectations, the injection was still greater than last year and close to the five-year average.

Heads up: according to the 10-day forecast hot weather is on the way. The arrival of the hotter-than-normal temperatures will increase air conditioning demand. As a result, less gas may be available for injection into the storage caverns for the rest of the month. 

At this time the natural gas storage levels are 4% below the five-year average and 25% below last year's levels. If natural gas is pumped to the power plants instead of the storage fields, this storage deficit will be tough to erase.

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