Volume 15, Issue 53 | February 26, 2018

Regional Solar Power with Benefits for Your Community

Promote the growth of renewable energy in your region

 

Solar Blocks by WGL Energy (WGL Energy Services and WGL Energy Systems) give businesses and organizations in Delaware, Maryland, Pennsylvania and Washington, D.C. the opportunity to receive solar power from a new offsite facility while helping the community. You can get price protection and advance your sustainability goals, without taking on the maintenance of an onsite operation.

You'll obtain solar power from a new regional facility at a long-term fixed price and maintain market visibility for the balance of your electricity needs. Solar Blocks by WGL Energy include a 15-year fixed price for long-term price protection. Additionally, the balance of electricity is priced at current market and tariff pricing, and will update every 3 years during the 15-year term.

Advance solar in your region and gain brand recognition as a long-term advocate of renewable energy by supporting the development of a new offsite solar photovoltaic (PV) project, without the maintenance of an onsite operation. As a co-branded stakeholder of this solar facility, your direct involvement in the growth of renewable energy will be highly visible and demonstrable. You’ll also receive solar renewable energy credits (SRECs), matched to your annual electricity usage, to meet your sustainability goals and expand your renewable energy portfolio.

Your purchase of Solar Blocks by WGL Energy will help build a brighter future for over 50,000 K-12 students in regional, under-resourced communities via Clean Energy Bright FutureTM (CE), a program of Bonneville Environmental Foundation. CE augments STEM and CTE programs, delivers customized teacher trainings and leadership institutes, provides innovative science kits, builds practical skills in students and brings renewable energy topics to life in the classroom.


For more information about Solar Blocks by WGL Energy contact Rich Walsh at Richard.walsh@wglenergy.com or 917-310-1610.


Editor's Note

A Colder March?

Weekly review for February 18 - February 24, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, February 16, 2018 was 1,760 BCF. This was a decrease of 124 BCF from the previous week, slightly higher than median market expectations. Inventories are now 609 BCF lower than last year at this time and 412 below the 5-year average. 

Despite a cold start, February has been extremely warm. February 2017 was even warmer than this February, smashing previous records at Ronald Reagan Washington National Airport. While it does not look like we will set a new record this year, we are on track to have the second or third warmest February of the last 75 years.

This week, the NYMEX natural gas 12-month strip rose 1.7% and the PJM West Hub 12-month forward curve was up 0.9%. Much of the increase occurred on Monday, after weekend weather model runs supported a transition back to a colder pattern in early March.  

 

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.


Upcoming Events

Connect with Us for Energy Answers

 

Ocean City Spring Trade Expo (OCHMR)
Ocean City, Maryland
March 4-5, 2018
http://www.oceancitytradeexpo.com/

CampusEnergy2018: Sharing Solutions, Sustaining Our Future (International District Energy Association)
Baltimore, Maryland
March 5-9, 2018
http://www.cvent.com/events/campusenergy2018/event-summary-560ca95ef6054b73a2c79c1a53205df3.aspx

25th NBC4 and Telemundo Washington Health and Fitness Expo
Washington, DC
March 10-11, 2018
https://www.networkevents.tv/events/nbc4-health-fitness-expo-washington-dc/

Maryland Multi-Housing Association (MMHA) 2018 Industry Development Day and Exposition
Baltimore, Maryland
March 15, 2018
https://www.mmhaonline.org/events/the-2017-industry-development-day-and-expo-copy--

Building Operating Management's NFMT2018/Smart Building Innovations Conference
Baltimore, Maryland
March 20-22, 2018
http://www.nfmt.com/baltimore/

EEI Spring National Key Accounts Workshop (Edison Electric Institute)
Orlando, Florida
March 25-28, 2018
http://www.eei.org/about/meetings/meeting.aspx?EEIEventId=65BA428A-D708-4826-BFC3-93865943AB26

For more information about upcoming events, visit our events page.


Weather

Local Heating Degree Days*

 

 

 


Heating Degrees Day** 

 

Nov - 17

Dec - 17

Jan - 18

Feb - 18

Mar - 18

Apr - 18

 Actual

456

792

900

 Normal

466

786

899

 Departure from Normal

2%

.7%

.1%

 Warmer

Colder

Colder

**Heating degree days are calculated by comparing the day’s average temperature to a 65 degree baseline. If the day’s average temperature is above 65, there are no heating degree days that day. If the day's average temperature is less than 65 degrees, subtract the average temperature from 65 to find the number of heating degree days for that day.