Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 24
We Know Energy
June 14, 2013 Energy Update
In this Issue
Editor's Note
An Uneventful Week but the Future Looks Volatile
Natural Gas Fundamentals
Natural Gas Storage: Another Above-Average Injection. Data Released June 13, 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
Local Cooling Degree Days*
Recent Features
WGES Selected to Provide Groundswell 100 Percent Wind Power for its Community Power Program Bid (May 24, 2013)


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.
Editor's Note
An Uneventful Week but the Future Looks Volatile
Week in Review for June 7-13, 2013

During the two previous updates covering the period of May 23 to June 6, 2013, natural gas prices on the New York Mercantile Exchange (NYMEX) fell a total of 9% and peak power on the PJM fell 7.6%. However, this week was less eventful. During this seven-day report period, natural gas prices closed flat and the average price for peak power on the PJM fell 1%.

There were no big news stories to spook the market this week. There were, however, two reports that may create some price volatility in the near future.

First, according to an article in Gas Daily, "Energy Secretary Ernest Moniz indicated Thursday that decisions on at least some of the pending applications to export U.S. liquefied natural gas would be made before year's end." If the United States becomes a big player in the natural gas export business, demand for natural gas would increase. The fear is that this new demand component could place upward pressure on natural gas and electricity prices.

A second report in the marketplace indicated that the industrial sector in the U.S. may begin consuming more fuel in the near future. A robust economy and low natural gas prices are bolstering the industrial demand component. According to the U.S. Energy Information Administration (EIA), "the industrial sector is responsible for nearly a third of total energy used in the Unites States." If the economy gets better, many of the large industrial users, like fertilizer plants and chemical plants, may begin consuming more gas in their manufacturing processes. This new demand component could place some upward pressure on energy prices.

For this report week, the energy markets were calm. However, stay tuned. Natural gas and electricity are two of the most volatile commodities traded in the world. This may be a favorable time to look at an early renewal strategy as both natural gas and electricity prices are trading near their second lowest level in nine years.

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