Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 41
We Know Energy
October 18, 2013 Energy Update
In this Issue
Editor's Note
Prices Flat as Government Energy Reporting is Delayed
Natural Gas Fundamentals
Natural Gas Storage Update. Report Delayed Due to Government Shutdown
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 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
Prices Flat as Government Energy Reporting is Delayed
Week in Review for October 11 - 17, 2013

As you may recall, the Bulls tried to stage a price rally last week based on the season's first cold weather forecast. However, this week the rally was halted. The average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) fell less than 1%, while the 12-month average price for peak power on the PJM also fell less than 1%.

The prices for natural gas and electricity closed flat this week because there were no major news stories to spook the markets. In fact, due to the recently resolved federal government shutdown, the Energy Information Administration (EIA) did not even publish this week's natural gas storage report.

The EIA will release its "missing" storage report next Tuesday, October 22, 2013. Then, two days later, on October 24, the EIA will release its regularly scheduled storage report. This means we will have two storage reports in less than one week, a situation which could create an unusual amount of price volatility in the energy markets.

Another reason energy prices were unable to make a major move this week was the weather forecast. Although the National Oceanic and Atmospheric Administration (NOAA) is predicting below normal temperatures east of the Mississippi for the last week of October, it's uncertain how long this cold snap will last.

Stay tuned. Now that the government is back to work, we are assured of seeing a lot of data next week that will likely impact the energy markets.

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