Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 30
We Know Energy
August 2, 2013 Energy Update
In this Issue
Editor's Note
Mild Weather is Your Friend
Natural Gas Fundamentals
Natural Gas Storage: Déjà Vu. Data Released August 1, 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
Washington Gas Energy Services Receives District of Columbia's 2013 Mayor's Sustainability Award (July 26, 2013)


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
Mild Weather is Your Friend
Week in Review for July 26-August 1, 2013

At the risk of sounding redundant, weather can be your best friend or your worst enemy in the energy sector. For most of this summer, the weather has been our friend as mild temperatures have kept a lid on energy prices.

For this seven-day report period, the weather placed downward pressure on energy prices. This was the second report period in a row in which prices fell. This week, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) fell 4.1% and the 12-month average price for peak power on the PJM fell 3%.

The likely reason for this week's price decline was, once again, the weather. The National Oceanic and Atmospheric Administration's (NOAA) 8-14 day forecast called for below normal temperatures east of the Mississippi for the first two weeks of August.

When most of the country experiences mild summer temperatures, natural gas supplies can be directed to the storage fields instead of the power plants. Full storage fields make it more difficult for the Bulls to run up energy prices. For now, natural gas inventories are only 1.2% below the five-year average.

If mild temperatures persist, perhaps we can head into the winter heating season with a surplus and low prices. However, don't be lulled to sleep. The traditional injection season runs from April 1 to October 31. We still have three months left in the injection season.

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