Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 38
We Know Energy
September 27, 2013 Energy Update
In this Issue
Editor's Note
The Shoulder Season Has Arrived
Natural Gas Fundamentals
Natural Gas Storage: Larger Than Expected Injection. Data Released September 26, 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 to Offset Carbon Impact of Upcoming RETECH Conference (August 30, 2013)


Deadline Approaching for D.C. Energy and Water Benchmarking Requirement (August 23, 2013)


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)

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 Shoulder Season Has Arrived
Week in Review for September 20-26, 2013

Although natural gas and electricity prices were relatively flat during the three-week period of August 23 through September 13, 2013, we have experienced some price volatility over the last two weeks. Last week natural gas prices on the New York Mercantile Exchange (NYMEX) rose 2% and peak power prices on the PJM rose 1%.  However, during this week's seven-day report period, we saw this trend revers, as the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) fell 4.4% and the 12-month average price for peak power on the PJM fell 1.2%.

This week's price decrease is tied to the weather, or more specifically, the absence of extreme weather. Summer has ended. The first day of Fall is September 22. It is called the autumnal equinox. On this day, the daylight hours are roughly equal to the nighttime hours. In the energy business we call this time of year the "shoulder season", meaning that cooling demand, for all practical purposes, has ended and that heating demand has not started. This decrease in demand for either heating or cooling can place some downward pressure on energy prices, as evidenced by the numbers from this seven-day report period.

With moderate temperatures projected east of the Mississippi for the next 10 days, it is likely that we will continue to see minimal demand for either heating or cooling over the next two weeks. As a result, it may be difficult for the Bulls to stage a price rally during this time. However, as soon as the first cold front arrives, all bets are off.

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