Volume 15, Issue 66 May 29, 2018
In this Issue
Bowie State University Celebrates Launch of 1.6 MW Solar Project
Editor's Note
PJM Auction Results
Energy Efficiency
President Issues Executive Order on Efficient Federal Operations
Weather
Local Heating Degree Days*
Our Wind Power Partners

Visit here for a full list of WGL Energy Wind Power Partners.

 
To find out more about a green power purchase for your organization,
visit: wglenergy.com/commercialgreen

Connect with us here:



 

 

For more information, contact your WGL Energy business development manager or lgc@wglenergy.com.
Editor's Note
PJM Auction Results
Weekly review for May 20, 2018 - May 26, 2018
 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, May 18, 2018 was 1,629 BCF. This is an increase of 91 BCF from the previous week. Inventories are currently 804 BCF lower than last year during this same period and 499 BCF below the 5-year average of 2,128 BCF.  
 
Forward markets increased this week as the PJM West Hub 12 Month curve added 1.6% and the NYMEX natural gas 12-month curve gained 2.9%.
      
On May 23, 2018, PJM released the results of the Capacity Base Residual Auction (BRA) for the June 2021-May 2022 period. The auction cleared 163,627 MW of unforced capacity at an overall reserve margin of 21.5%. Approximately 1,401 MW of new generation, predominately natural gas combined cycle/combustion turbines and solar, cleared the auction.
 
Clearing prices for this BRA were significantly higher than the cleared prices from the June 2020-May 2021 BRA for most zones, with the exception of the New Jersey, Delaware and Eastern Pennsylvania region, which cleared moderately lower. Between now and June 2021, three Incremental Auctions for the 2021-2022 period will be held that may result in slight revisions to the BRA pricing. The 2021-2022 BRA results for a portion of the PJM region are shown below, along with the clearing prices from the 2020-2021 BRA. 

 

  
This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.
 
Share Share This Article Share Share Share
spacer spacer
Print This Article Print This Issue
Print This Article Print This Article
spacer spacer
Previous Article Previous Article
Next Article Next Article
Return to Top Return to Top
spacer spacer
WGL Energy Home  |  Forward to a Friend  |  Plain Text Version  |  Past Issues
About WGL Energy
WGL Energy delivers a full spectrum of energy offerings, including electricity, natural gas, renewable energy, carbon reduction, distributed generation and energy efficiency provided by WGL Energy Services, Inc. and WGL Energy Systems, Inc.

WGL Energy strives to provide concise and accurate information from dependable sources for information contained in this report. Nevertheless, WGL Energy does not warrant the authenticity of such information. This report is not intended to serve as a trading tool for customers or for potential customers. If you would like to like to receive this information via email, please send your request to lgc@wglenergy.com.

To ensure delivery of the ENERGY UPDATE, please add lgc@wglenergy.com to your email address book or Safe Sender List. If you are still having problems receiving our communications, see our white-listing page for more details.

© WGL Holdings, Inc.
WGL Energy, 8614 Westwood Center Drive, Suite 1200, Vienna, VA 22182-2260 (USA)