Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 12, Issue 4
We Know Energy
January 31, 2014 Energy Update
In this Issue
Editor's Note
February Is The Wild Card
Natural Gas Fundamentals
Natural Gas Storage Update: Storage Levels 16.6% Below Five Year Average. Data Released January 30, 2014
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)


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
February Is The Wild Card
Week in Review for January 24 -30, 2014

Energy prices were all over the board this week.  For example, natural gas prices as traded on the New York Mercantile Exchange for the forward month rose $.05/therm on Wednesday and then fell $.045/therm on Thursday. 

Once the dust settled, for this seven-day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose 1%, and the 12-month average price for peak power on the PJM fell 3.5%. Luckily, the moderating weather forecast kept prices from mimicking last week's big price spike. 

Where energy prices go from here depend on the February weather patterns. We are hopeful that the polar vortexes stay to the north.

These colder than normal temperatures are wreaking havoc on the natural gas storage fields. Last year at this time, natural gas inventories were 12% above the five-year average. However, storage levels at the end of this report period were 16% below the five-year average.

The record demand for both natural gas and electricity and the growing storage deficit are keeping upward pressure on energy prices. We need a warming trend to help keep on a lid on energy prices.

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