Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 28
We Know Energy
July 19, 2013 Energy Update
In this Issue
Editor's Note
The Bulls Try to Stage a Rally
Natural Gas Fundamentals
Natural Gas Storage: First Below Average Injection in Seven Weeks. Data Released July 18, 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 Ranked Among Top Retail Energy Suppliers in Customer Satisfaction by J.D. Power (July 12, 2013)


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)


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
The Bulls Try to Stage a Rally
Week in Review for July 12-18, 2013

In last week's report we noted that the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) fell less than 1%, and that the 12-month average price for peak power on the PJM fell less than 1%. This week the Bulls tried to stage a rally, but it did not amount to much.

For this seven day report period, the average 12-month price for natural gas on the NYMEX rose 2% and the 12-month average price for peak power on the PJM rose 1.5%.

The big variable that spooked the market came from the Energy Information Administration's (EIA) natural gas storage report. The EIA reported one of the smallest gas injections of the summer. This week's injection was only 58 Bcf, the first time in seven weeks that the injection number fell below the five-year average.

Prices inched upward after the storage report was released. The small injection was a clear sign to the marketplace that hot summer temperatures had arrived and, as a result, natural gas supplies were being directed to the power plants instead of the storage fields.

The markets feared that hotter-than-normal temperatures would increase the natural gas storage deficit. The natural gas storage fields were already 1% below the five-year average.

However, the price rally was short-lived thanks to the weather forecast. According to the National Oceanic and Atmospheric Administration (NOAA), the 6 to10 day forecast calls for the return of normal temperatures east of the Mississippi.

Stay tuned. Summer temperatures will continue to be the biggest wild card during the next two months.

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