Volume 15, Issue 83 | September 24, 2018

The Power of Choice

Educating consumers on their energy independence

 

Traditionally, consumers did not have a choice as to who supplied their energy. Today, energy choice programs allow eligible customers to shop around and choose their natural gas or electricity supplier. 

Consumers living in Washington, D.C., Maryland, Virginia, Delaware and Pennsylvania, for example, can choose who supplies natural gas and electricity to their home. This gives them the flexibility to choose a pricing plan, such as fixed-priced energy, to better manage their energy costs. 

Energy Choice also gives consumers the benefit of more renewable and clean energy products to choose from, such as electricity sourced from wind power or natural gas matched with carbon offsets. 

Not every consumer may be aware of this choice and organizations like the American Coalition of Competitive Energy Suppliers (ACCES) are committed to increasing awareness through consumer education about energy choice and competition. ACCES works with regulators, legislators, consumer advocates and news media as well as suppliers such as WGL Energy Services (WGL Energy). 

WGL Energy often incorporates Energy Choice education in its consumer outreach efforts, including social media and other online outlets. WGL Energy believes the best consumers are educated ones, so they can make the best energy decision for their homes.

 

For more information about energy choice and WGL Energy’s offerings, please visit our website


Editor's Note

Prices Jump Up and Stay Low

Weekly review for September 15, 2018 September 21, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday September 14, 2018 was 2,722 BCF. This was an increase of 86 BCF from the previous week, higher than market expectations. Inventories are now 672 BCF lower than this time last year, 586 below the 5-year average and the 5-year minimum value (2,918). 

Despite the higher-than-expected injection, energy markets were up this week, with large gains on Thursday. The NYMEX natural gas 12-month strip jumped 2.7% with substantial increases for the coming winter, with the PJM West Hub 12-month forward curve following suit, up 3.0%. Despite this week’s increases, natural gas prices further out in 2020 and beyond remain near all-time lows.


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

 496.5

 

 

 Normal

115.9

324.0 

 471.6

423.4 

 

 

 Departure from Normal

 99.7%

4% 

           3%

17% 

 

 

 Warmer

 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.