Volume 15, Issue 90 | December 17, 2018

Power Your Business with Reliable Electricity

Unexpected power outages can have a big impact on your business.

 

At one point or another, we’ve all experienced a commercial power outage. In 2016, customers experienced an average of 1.3 interruptions and went without power for four hours during the year.1

For businesses, power outages are more than a mere inconvenience  they often come with a heavy price tag. A business dependent on cooling or refrigeration, such as a grocery store, could lose thousands of dollars in inventory after just one hour.

With the increasing likelihood of winter storms in our area over the next few months, our Energy Answers team is sharing two energy-smart ways to minimize the impact of power outages on your business.

The first is to invest in a back-up generator. A generator can supply enough electricity for businesses to keep appliances working and the water running during most commercial power outages. Generators can be cost-effective options for many small businesses.

A large commercial or industrial customer, on the other hand, may wish to consider a microgrid for back-up power generation. Microgrids offer energy security and independence. Modern microgrids can integrate batteries with multiple sources of power, including solar panels and wind turbines to help reduce an organization’s energy spend, while providing an environmentally-friendly energy technology solution.

Regardless of your back-up energy choice, it’s important to understand how your facility uses power. WGL Energy Services and WGL Energy Systems (WGL Energy) can help you make the right decision for your business.

For more information on making smart energy choices for your home or business, visit our website at wglenergy.com or call 1-844-4ASK-WGL.


Endnote:
1 U.S. Energy Information Administration (2018). Annual Electric Power Industry Report. Retrieved December 13, 2018 from: https://www.eia.gov/todayinenergy/detail.php?id=35652


Editor's Note

Warmer Temps Moderate Prices

Week in review for December 8, 2018 December 14, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, December 8, 2018, was 2,914 BCF. This was a decrease of 77 BCF from the previous week and a slightly smaller withdrawal than what the market was expecting.

Notwithstanding, this 77 BCF withdrawal was higher than the 59 BCF one pulled from storage this week last year, but still lower than the five-year average withdrawal for the week, which is 79 BCF. Storage levels remain at historically low levels – 722 BCF (19.9%) lower than a year ago, and 723 BCF (19.9%) lower than the 5-year average for this date.

After a cooler than normal start to December for our region, a period of slightly warmer than normal temperatures is expected. This break from colder than normal temperatures has helped to moderate prices.

At the end of the week, the PJM West Hub 12-month forward curve was down 0.1%, while the NYMEX natural gas 12-month strip was down 4.2%.

 

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.


Happy Holidays

Holiday Greetings from All of Us at WGL Energy!

Watch for our special end-of-year issue on Monday, December 31, 201

 

We want to take a moment to wish you all the joys of this holiday season!

We appreciate your business, along with your continued readership and support of Energy Update.

 


As a reminder, our offices will be closed in observance of the Christmas holiday on Tuesday, December 25 and New Year’s Day on Tuesday, January 1. Accordingly, we will not be publishing issues of Energy Update on Monday, December 24. We will resume our normal publishing schedule on Monday, December 31, 2018. In the interim, please watch for our special end-of-year issue on that day.

In the new year, we will continue to deliver energy answers designed to meet your energy needs.

We wish you a happy and safe holiday season!

 

The Editorial Staff of Energy Update


Weather

Local Heating Degree Days*

 


Washington, D.C. Area Heating Degrees Days* 

 

Oct - 18

Nov - 18

Dec - 18

Jan- 18

Feb - 18

 Mar - 19

 Actual

195.5 

555.5 

 

 

 Normal

196

465 

 

 

 Departure from Normal

 0%

19% 

         

 

 Neutral

 Colder

 

 

*Heating degree day (HDD) data is for the Washington, D.C. area and is 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, then subtract that average temperature from 65 to find the number of heating degree days.