Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 46
We Know Energy
November 22, 2013 Energy Update
In this Issue
Editor's Note
Prices Rise for Second Week in a Row
Natural Gas Fundamentals
Natural Gas Storage Update: First Withdrawal of the Season. Data Released Nov. 21, 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 Acquires More Than 20,000 Electricity and Natural Gas Customers from Castlebridge Energy Group (November 1, 2013)


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 Rise for Second Week in a Row
Week in Review for November 15-21, 2013

Although the official start of winter is not until December 21, the unofficial start is the date when we record our first natural gas withdrawal from storage. So, the unofficial start of the heating season arrived this week when the U.S. Energy Information Administration reported the first withdrawal of the season. This week's withdrawal of 45 Bcf was larger than expected. The five-year average withdrawal for this time of year is only 2 Bcf.

Thanks to the onset of cold temperatures and the first storage withdrawal of the season, energy prices rose for the second week in a row. For this seven-day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 2.2%, and the 12-month average price for peak power on the PJM rose 1.3%.

Analysts blame the recent price rally on the weather. The National Oceanic and Atmospheric Administration (NOAA) is predicting colder than normal temperatures east of the Mississippi for the next two weeks. This forecast is placing upward pressure on prices. However, it is too early to panic. Natural gas production is operating near all-time highs and the natural gas storage fields are 0.4 % above the five-year average.

Stay tuned. If you can predict the severity of the upcoming winter weather you may able to predict the short-term direction of both natural gas and electricity prices. However, keep in mind that even the forecasters have a hard time predicting our volatile weather.

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