Washington Gas Energy Services: A Washington Gas Affiliate Complany
Volume 12, Issue 35
We Know Energy
September 26, 2014 Energy Update
In this Issue
Editor's Note
Longer Nights and Shorter Days
Natural Gas Fundamentals
Natural Gas Storage Update: Six More Weeks To Go
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*
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
Longer Nights and Shorter Days
Week in Review for September 19-25, 2014

For the third week in a row energy prices closed relatively flat. For this seven-day report period, the average 12-month price for natural gas on the New York Mercantile Exchange (NYMEX) rose less than 1% closing at $0.396/therm while the 12-month average price for peak power on the PJM rose less than 1% .

Although the Fall Equinox hit the northern hemisphere this past Monday, Sept. 22,2014, energy prices did not fall this week. Prices are trading in a tight range because everyone is trying to determine if we will experience a brutally cold winter like last year.

The Fall Equinox brought us 12 hours of darkness and 12 hours of daylight. However, starting now, temperatures will begin to drop as the days get shorter and the nights get longer. Beware, winter is on the way. The Farmer's Almanac predicts that temperatures in our area will be much colder than normal this winter. 

All eyes are on the weather forecasts. Last winter, the polar vortex hit and both natural gas and electricity prices rose 26% from Nov. 1,2013 to March 2, 2014. If you want to protect your budget from the price spikes that come with a cold winter, this is a good time to look at your renewal strategy.

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