Volume 13, Issue 4 January 23, 2015
In this Issue
Editor's Note
Looking Good
Energy Efficiency
EmPOWER Maryland Commercial and Industrial Grant Program
Natural Gas Fundamentals
Natural Gas Storage Update: Another Big One
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 Heating 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 WGL Energy Account Manager or wges_lgc@wges.com.
Editor's Note
Looking Good
Week in Review for January 16-22, 2015

In last week's newsletter we reported that the arrival of cold temperatures had halted the recent collapse of energy prices, with natural gas prices on the NYMEX rising 4% and the price for peak power on the PJM rising 3%.  However, this week, prices retraced themselves as the average 12-month price for natural gas on NYMEX fell 6% closing at $0.298/therm, while the 12-month average price for peak power on the PJM also fell 3%. 

Although the Bulls and Bears have wrestled to a draw over the last two weeks, the Bulls have dominated the Winter season to date. From November 3, 2014 to January 22, 2015 natural gas prices have dropped 23% while electricity prices on the PJM have dropped 19% over the same time period.

However, do not be lulled to sleep as NOAA's recent forecast  predicts colder-than-normal temperatures east of the Mississippi for the rest of January. In addition to the cold weather forecast, the natural gas storage deficit has actually increased for the second week in a row, with storage levels ending the week 5.5% below the five-year average. 

For now, both natural gas and electricity prices are trading at very attractive levels thanks to record high supplies from the natural gas wells and the unusually warm temperatures we enjoyed in December. With natural gas and electricity prices trading near their second lowest level in ten years this is an attractive time to look at your early renewal strategy.

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