Volume 16, Issue 2 January 14, 2019
In this Issue
WGL Energy Receives Retail Energy Supplier License in Ohio
Editor's Note
Prices Rise
Clean Energy
Renewable Energy Benefits the Environment and Public Health
Weather
Local Heating Degree Days*
Our Wind Power Partners

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Editor's Note
Prices Rise
Weekly review for January 5 11, 2019

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, January 4, 2019, was 2,614 BCF. This was a decrease of 91 BCF from the previous week and a slightly larger withdrawal than what the market had been expecting. This withdrawal was significantly less than both the 359 BCF pulled from storage this week last year and the 5-year average withdrawal for the week, which is 182 BCF. Storage levels remain at relatively low levels – 204 BCF (7.3%) lower than a year ago, and 464 BCF (15.1%) lower than the 5-year average for this date.

Prices were up this week as the market looked ahead to cooler, more seasonable temperatures. At the end of the week, the PJM West Hub 12-month forward curve was up 0.7%, while the NYMEX natural gas 12-month strip rose 1.3%.

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.

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