Volume 15, Issue 87 November 12, 2018
In this Issue
Take the Guesswork Out of Your Winter Heating Bill
Editor's Note
Colder than Normal Weather Pattern Across PJM
Weather
Local Cooling 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
Colder than Normal Weather Pattern Across PJM
Week in review for November 4 - November 10, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, November 2, 2018 was 3,208 BCF. This is an increase of 65 BCF from the previous week. Inventories are currently 580 BCF lower than the same period last year, and 621 BCF below the 5-year average of 3,829 BCF. This deficit could become very bullish for prices if production can’t keep up with load demands as we move deeper into the winter months. 

Cold temperatures have arrived and we are seeing significant changes in the upcoming weather forecasts. A colder than normal pattern has developed across the PJM region and is expected to remain in place throughout the 14-day forecast.

Markets have rallied this week because of the colder weather outlook, and both power and natural gas prices have moved higher. The PJM Western Hub 12-Month curve gained 3.3% and the NYMEX natural gas 12-month curve increased 3.9%.

As a reminder, our offices are closed on Monday, November 12, 2018 in observance of Veteran's Day. We hope you join us in honoring and thanking them for their service in the United States armed forces.


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)