Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 11, Issue 48
We Know Energy
December 13, 2013 Energy Update
In this Issue
Editor's Note
The Heat is on and Energy Prices Continue to Rise
Natural Gas Fundamentals
Natural Gas Storage Update: Another Above Average Withdrawal. Data Released Dec. 12, 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
Winter Heating Season Update
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)


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 Heat is on and Energy Prices Continue to Rise
One Week Review for December 6 -12, 2013

Cold temperatures in most of the country are keeping upward pressure on energy prices. For the fifth week in a row, energy prices rose. For this seven day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 4% and the 12-month average price for peak power on the PJM rose 1.9%.

Since November 8, 2013 natural gas prices on NYMEX have risen 16.5% and electricity prices on the PJM have risen 4.4 %. Analysts blame the price increases on the arrival of unseasonably cold temperatures. As you may recall, November was 17% colder than normal, and December temperatures so far seem to be continuing that trend.

These unusually cold temperatures are creating havoc for natural gas production all over the country. In fact, according to the Energy Information Administration (EIA), "U.S. gas production decreased 3.3% this week following well-freeze-offs. Wide-spread freeze-offs occurred in the Piceance Basin in Utah and Wyoming, the Uinta Basin in Utah, the San Joaquin Basin in California, and the Williston Basin in North Dakota." The closing of these gas wells placed additional upward pressure on energy prices this week.

Stay tuned. Weather is, undoubtedly, the main factor driving prices for the next few months.

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