Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 39
We Know Energy
October 4, 2013 Energy Update
In this Issue
Editor's Note
One Energy Report Neutralizes Another
Natural Gas Fundamentals
Natural Gas Storage: Second Triple Digit Injection of the Year. Data Released October 3, 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
One Energy Report Neutralizes Another
Week in Review for September 27 - October 3, 2013

Last week, 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, we saw another price drop, but it was a very small one. The average 12-month price for natural gas on the NYMEX fell 1% and the 12-month average price for peak power on the PJM fell 1%.

We expected a bigger price drop after the U.S. Energy Information Administration reported a huge natural gas injection during their Thursday morning storage update. This week's injection number was 101 Bcf. This was only the second time this year that we've recorded a triple-digit injection. The natural gas storage fields closed 1.4% above the five-year average after this week's injection. This news placed some downward pressure on energy prices.

This large gas injection might well have sparked a bigger price drop this week if not for the tropical storm advisory released by the National Weather Service. Reports came in that a new tropical storm, Karen, was forming in the Gulf of Mexico. Projections for the storm showed it heading directly for Louisiana, Mississippi and Alabama. This raised concerns that the storm would cause the "shut-in" of some of the off-shore gas rigs, which would place upward pressure on energy prices.

The two reports neutralized each other and, as a result, energy prices closed relatively flat this week. But stay tuned. Moderate temperatures are projected to continue east of the Mississippi for the next week. As a result, we may see another large gas injection.

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