Volume 15, Issue 78 | August 20, 2018

Choosing the Right Energy Solution

A look at the benefits of combining energy technologies

 

All buildings, from residential homes to commercial manufacturing facilities, depend on electricity. Whether it’s food preparation, temperature control or adequate lighting, energy is an essential part of completing day to day activities.

More and more facilities are choosing clean energy to meet sustainability goals and reap potential long-term energy savings. Wind and solar power is generated without emitting air pollutants and continues to decline in price. However, wind and solar power generators are subject to changing environmental conditions that can affect the amount of power that is produced. The reliability of the electric power supply can be affected by the variability in the power output of renewable technologies.

Combining renewable energy technologies with natural gas and standard electricity is one way to achieve reliability and cost-savings while helping to protect the environment. You can utilize renewable energy such as wind or solar power while continuing to receive electricity and natural gas from your competitive energy supplier or local utility as backup power. This ensures you always have power when you need it, and still utilize renewable energy to provide the clean emissions-free power needed to run operations while helping to meet your sustainability goals.

Another option for handling the variability of renewable energy is to use batteries for energy storage. Batteries can act as a gap-filler by supplementing your power needs when renewable resources are not available, as well as acting as storage during peak production. WGL Energy (WGL Energy Services and Systems) can partner with you to find the optimal energy solution for your home or business.

Take a look at our full spectrum of energy offerings to choose the solution best for your needs. Click here to learn more.



Editor's Note

Prices Down Despite Low Storage

Weekly review for August 12 - August 18, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, August 10, 2018 was 2,387 BCF. This was an increase of 33 BCF from the previous week, slightly higher than market expectations, though below the 5-year average injection for the seventh week in a row. Inventories are now 687 BCF lower than last year at this time, 595 below the 5-year average and are below the 5-year minimum value (currently 2,492) for the second week in a row.  

This week the NYMEX natural gas 12-month strip fell 0.7% while the PJM West Hub 12-month forward curve was down 0.8%.

 

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.

  


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 

 484.5

 

 

 

 Normal

115.9

324.0 

 471.6

 

 

 

 Departure from Normal

 99.7%

4% 

           3%

 

 

 

 Warmer

 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.