Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 47
We Know Energy
December 6, 2013 Energy Update
In this Issue
Editor's Note
Temperatures Falling But Prices Rising
Natural Gas Fundamentals
Natural Gas Storage Update: Largest Withdrawal Ever In November. Data Released Dec. 5, 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 Heating 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
Temperatures Falling But Prices Rising
Two Week Review for Nov. 22 - Dec. 5, 2013

Due to the Thanksgiving holiday last week, we did not publish an issue on November 29. This week's Energy Update covers a two-week report period.

Falling temperatures continued to place upward pressure energy prices. For the fourth week in a row energy prices rose. For this report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 8%, and the 12-month average price for peak power on the PJM rose 1.8%.

Although natural gas production is at an all-time high, weather-based demand is driving the short-term direction of energy prices. With the early start to winter, all eyes are focused on demand instead of supply.

November was 17% colder than normal. The early arrival of cold temperatures created some larger-than-normal withdrawals from the natural gas storage fields. In fact, this week's withdrawal of 162 Bcf was the largest ever recorded in the month of November.

Although we entered the heating season on November 1 with natural gas inventories 1.5% above the five-year average, inventories ended the week 2.8% below the five-year average. Going from a surplus to a deficit has placed upward pressure on energy prices.

Although the official start of winter is not until December 21, cold temperatures are already here. The National Oceanic and Atmospheric Administration (NOAA) is predicting colder-than-normal temperatures east of the Mississippi for next week.

Stay tuned. Weather will be the wild card for the next few months. All eyes are focusing on the impact that these temperatures will have on the natural gas storage fields.

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