Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 32
We Know Energy
August 16, 2013 Energy Update
In this Issue
Editor's Note
Hot Weather is Back on the Menu
Natural Gas Fundamentals
Natural Gas Storage: Another Above Average Injection. Data Released August 15, 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 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
Hot Weather is Back on the Menu
Week in Review for August 9 -15, 2013

For the first time in four weeks, natural gas and electricity prices rose. For this seven day period the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 3% and the 12-month average price for peak power on the PJM rose 2.8%.

Once again, all eyes were apparently focused on the weather forecast. As you may recall, we experienced mild temperatures from July 19 to August 8. The mild temperatures dampened energy demand. During that time period, natural gas prices fell $0.03 per therm -- or 8.6% -- and electricity prices on the PJM fell 6%.

However, this week the National Oceanic and Atmospheric Administration (NOAA) posted their new weather forecast for August 21-29, predicting an end to the mild temperatures. Most of the country is expected to experience above average temperatures at the end of August. This news placed upward pressure on energy prices.

Additionally, some tropical storms hit the weather maps this week. There was a small disturbance in the Gulf of Mexico and a tropical depression off the coast of Africa called Erin. These storms may have added fuel to this week's small price rally.

Even with this week's modest price increase, both natural gas and electricity prices are still trading at very low levels relative to the last 10 years.

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