Volume 15, Issue 73 | July 16, 2018

Achieve Your Sustainability Goals with RECS and Carbon Offsets

Our white paper explains how to reduce your carbon footprint

 
One of the fastest and easiest ways your business can achieve its sustainability goals is to purchase renewable energy credits (RECs) or carbon offsets. This can help to reduce the environmental impact of your electricity use, help create green jobs, counterbalance your natural gas usage or even reduce your carbon footprint.
 

 
WGL Energy Services, Inc. (WGL Energy) offers a variety of renewable energy options for businesses of any size through RECs sourced from either national or local wind farms. We can facilitate block purchases of wind power or match wind power to a percentage of your existing electricity supply. No new or special equipment is needed, so you can start achieving your sustainability goals today. All of our wind power products are Green-e® Energy certified by the Center for Resource Solutions, the number one third-party verifier of green power in the United States.
 
Another simple step you can take toward achieving your sustainability goals is to counterbalance the environmental impact of your natural gas usage with carbon offsets. Activities such as business travel, conferences and events can be made greener through the purchase of Carbon Offsets from WGL Energy. Our carbon offsets come from local emissions reduction projects, such as landfill gas capture and destruction, and are Green-e® Climate certified.
 
With electricity from renewable sources like wind and carbon offsets matched to natural gas usage, you can bring your energy carbon footprint down to zero. It’s a quick and easy approach toward achieving your sustainability goals, while you consider longer-term solutions like energy efficiency upgrades and solar installations.
 
Download our white paper to learn more about the ways we can help you achieve your corporate sustainability goals.
 


Editor's Note

Prices Fall Despite Storage Deficit

Weekly review for July 7 - 13, 2018

 

On Thursday, July 12, 2018, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, July 6, 2018 was 2,203 BCF. This was an increase of 51 BCF from the previous week, and was in line with market expectations. The injection was smaller than both the 5-year average injection for the week (77 BCF) and last year’s injection for the week (59 BCF).

Inventories are still substantially lower than last year's levels (by 725 BCF or 24.8%) and the 5-year average (by 519 BCF or 19.1%). Strong demand for natural gas for power generation and higher demand for natural gas for LNG exports have limited storage injections so far this summer, despite significantly higher production levels this year.

Prices fell slightly this week. The PJM West Hub 12-month forward curve fell 0.3% this week, while the NYMEX natural gas 12-month strip was down 1.3%. Stay tuned as we continue to navigate the summer injection season.

 
 
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. 


Energy Management

WGL Energy Issues More Notices Regarding Peak Electricity Usage

Reduced usage during peak periods now can lower your costs next year

 

On Monday, July 9, 2018 and Friday, July 13, 2018, WGL Energy Services, Inc. (WGL Energy) issued important notices to commercial and government customers recommending that they reduce electricity usage during the afternoon hours between 3 p.m. and 7 p.m. on Tuesday, July 10 and from 2 p.m. to 7 p.m. on Monday, July 16. These are the sixth and seventh advisories issued by WGL Energy this summer, and are intended to alert customers of potential peak load periods.

High temperatures can impact the cost of your Capacity Peak Load Contribution (PLC). Your PLC can influence 10-30% of your electricity bill, so by lowering your PLC this summer you will be able to reduce your PLC and overall electricity costs for a full 12-month period starting next summer (June 1, 2019 to May 31, 2020).

A copy of this notice is included below. If you did not receive your email copy, please contact your account manager and ask to be included in the distribution of future notices. For a summary of notices issued during 2018, please visit our website.

 

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IMPORTANT NOTICE
 Electricity Use Reduction Recommendation

     Tuesday, July 10, 2018 from 3:00 p.m. to 7:00 p.m.

Monday, July 16, 2018 from 2:00 p.m. to 7:00 p.m.


 

Tuesday, July 10 and Monday, July 16 – High temperatures could impact your Capacity Peak Load Contribution (PLC) and future electricity costs. There is a likelihood that an hour between 3 p.m. and 7 p.m. on Tuesday, July 10 and from 2 p.m. to 7 p.m. on Monday, July 16, will end up as one or more of the five highest peak loads of the year.


About PLC
On June 1 of every year, each building is assigned a PLC number by its utility. This number is based on the peak usage, which is calculated using five hours from the prior year with the highest system demand, excluding holiday weekdays and weekends. (Note: The selected hours come from five different 24-hour periods.)  Peak usage generally occurs on the five hottest days of the year – and this summer's usage will affect the PLC for next summer.


Our Recommendation
We recommend that, whenever possible, you reduce your electricity usage from 3:00 p.m. to 7:00 p.m. Tuesday, July 10 and 2 p.m. to 7 p.m. on Monday, July 16. Your PLC can influence 10-30% of your electricity bill, so by lowering your PLC this summer you will be able to reduce your PLC and overall electricity costs for a full twelve-month period starting next summer (June 1, 2019 to May 31, 2020).

 

If you have any questions, please call your business development manager listed below:


Julio Astorga                                                 (703) 287-9493
Tim Bagley                                                    (202) 997-8262
Tom Carroll                                                   (412) 427-0829
Nipa Clark                                                     (410) 209-2448
Jamie DiBartolo                                            (856) 872-7194
Diane Ekonomou                                          (703) 287-9494
Les Lewis                                                      (410) 209-2441
Laurie Muldoon                                             (410) 209-2442
Kent Peterson                                               (703) 287-9496
Karen Pinder-McDuffie                                  (410) 209-2444
Olga Riggs-Miller                                          (703) 287-9498
Salvatore Ritorto                                           (908) 616-0520
Jaison Staab                                                 (330) 721-1648

These conditions change periodically and we will send updates as information becomes available.


Weather

Local Cooling Degree Days*

 


Cooling Degrees Days* 

 

May - 18

June - 18

July- 18

Aug- 18

Sept - 18

Oct - 18

 Actual

231.5 

336.5 

 

 

 

 

 Normal

115.9

324.0 

 

 

 

 

 Departure from Normal

 99.7%

4% 

           

 

 

 

 Warmer

 Warmer

 

 

 

 

*Cooling degree days are calculated by comparing the day’s average temperature to a 65 degree baseline.  If the day’s average temperature is below 65, there are no cooling degree days that day.  If the average temperature is greater than 65 degrees, then subtract 65 from the average temperature to find the number of cooling degree days.