Volume 17, Issue 23 July 20, 2020
In this Issue
Avoid A High Energy Bill This COVID-19 Summer
Editor's Note
Are You Ready for the Heat
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Are You Ready for the Heat
Weekly review for July 12 - July 18, 2020
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, July 10, 2020 was 3,178 BCF.  This was an increase of 45 BCF from the previous week. Inventories are now 663 BCF higher than last year at this time, 436 BCF above the 5-year average.  Levels are hovering around the top of the 5-year range.
Energy markets were mixed this week with the NYMEX natural gas 12-month strip (Aug20-Jul21) was down 0.2% while the PJM Western Hub 12-month strip was up 0.7%. 
Temperature forecasts suggest the week starting Saturday July 18 may be the hottest of the year in the Mid-Atlantic and Northeast.  Monday July 20 has a good chance to being the day with the highest load in the PJM system for the entire summer.  Loads are forecast to be high for the entire week and WGL Energy has advised customers that can reduce load, that it may be prudent to lower their electricity demand each afternoon (Monday-Friday).  Those days might end up containing some five hours of highest PJM system demand that will be used to determine customers’ June 2021 to May 2022 Capacity PLCs and, thus influence future capacity costs.
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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