Volume 18, Issue 10 August 9, 2021
In this Issue
Combating Climate Change
Editor's Note
One More Hot Week
Washington, D.C. Area Cooling/Heating Degree Days
Our Wind Power Partners

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Editor's Note
One More Hot Week
Week in review for August 1 7, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday July 30, 2021 was 2,727 BCF. This was an increase of 13 BCF from the previous week, lower than market expectations. Inventories are now 542 BCF lower than last year at this time, and 185 BCF below the 5-year average.

Near-term prices continued their meteoric rise, with the 12-month NYMEX natural gas strip (Sept 21-Aug 22) up 41% since the start of 2021. For this week, the gas 12-month strip ended up 2.3% and the PJM Western Hub ATC (7X24) 12-month strip was up 5.0%.

It is looking like a hot spell for the PJM region next week, which may result one or more days that end up with the five highest loads of the year that are used for Capacity PLC calculation and thus influence customers’ capacity cost. WGL Energy typically issues load reduction recommendations the weekday before a potential peak day and has already issued an alert for Monday 8/9/2021. We will continue monitoring forecasts next week, and for the remainder of the summer, to advise customers of future potential peak days.


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