Volume 18, Issue 2 January 25, 2021
In this Issue
Editor's Note
Prices Down As Longer Term Weather Forecasts Warm Up
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Prices Down As Longer Term Weather Forecasts Warm Up
Weekly review for January 16 - January 22, 2021
On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, January 15, 2021 was 3,009 BCF.  This was a decrease of 187 BCF from the previous week and was a higher withdrawal than the market was expecting.  Storage levels are 36 BCF (1.2%) higher than a year ago, and 198 BCF (7%) higher than the 5 year average for this date.
January has been a warmer than normal month in our region.  For the first 21 days of the month, Heating Degree Days as measured at Reagan Washington National Airport have been approximately 11% lower than the 10 year average.  After some colder than normal temperatures expected next week, the 8-14 day outlook from the National Weather Service predicts a return to warmer than normal temperatures for the East Coast.
Prices were down this week for gas and power.  At the end of the week, the NYMEX natural gas 12-month strip was down 3.3%, while the PJM West Hub 12-month forward curve was down 5.5%.  

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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