Volume 16, Issue 1 | January 7, 2019

Renewable Energy Trends for 2019

2019 is forecasted to be an impactful year for sustainable energy generation

 

According to a recent Forbes report, the rapidly evolving clean energy landscape is getting ready to see more sustainable energy generation this year. This week, we look at three renewable energy trends to watch in 2019.

Renewable Energy Agreements
More corporations around the world are agreeing to climate action plans to mitigate the impact of climate change. Information provided by the Intergovernmental Panel’s Climate Change 2018 report suggests an increase in the number of agreements that support the use of renewable energy sources will continue this year.

Currently, over a hundred cities around the globe report that over 40 percent of their energy production is fully operational with 100 percent renewable electricity. Furthermore, 158 companies including global brands Apple, Nike and P&G have pledged to transition to 100 percent renewables in a move to commit to a cleaner planet.

Microgrids and Artificial Intelligence
Microgrids are playing a growing role in the evolution of sustainable energy generation. These energy grids can work singularly or while connected to a larger grid. Energy provided by microgrids provide an increased level of efficiency and protection during emergencies. The use of Artificial Intelligence (AI) by microgrid controllers allows for continuous adjustments and improvements during operation. 

Software developed by tech company XENDEE is expected to provide advanced solutions that allow microgrid designs to be completed in a single day. This trend is expected to shape the clean energy industry and provide optimized solutions for renewable energy users.

Energy Storage
Energy storage is vital to ensuring the scales of power supply and demand remain equal. Storage systems coupled with renewable energy sources provide a balanced power supply despite weather conditions. 

Battery usage is increasing on both the residential and commercial scales. Energy storage technology is forecasted to improve and provide more cost efficiency. It is projected that energy storage will continue to be a core component of energy technology in the year ahead.   

To learn more about the latest renewable energy solutions to achieve this year's sustainability goals, visit our website or call 1-844-4ASK-WGL to speak with one of our energy experts.

 

Source:
Ellsmoor, J. (2018, December 30). 6 Renewable Energy Trends To Watch In 2019. Retrieved December 31, 2018, from https://www.forbes.com/sites/jamesellsmoor/2018/12/30/6-renewable-energy-trends-to-watch-in-2019/#13a7c1654a1f


Editor's Note

Warm Forecasts, Low Prices

Weekly review for December 30, 2018 January 5, 2019

 

On Friday, the U.S. Energy Information Administration (EIA) reported working gas in storage as of Friday December 28, 2018 was 2,705 BCF. This was a decrease of 20 BCF from the previous week, much lower than the median market expectation of 50 BCF. Inventories are now 450 BCF lower than last year at this time, 560 below the 5-year average, and remain below the 5-year minimum value as it has since July 27. Storage levels are now 247 BCF lower than the previous 5-year low (for this time of year). 

This week, the NYMEX natural gas 12-month strip (Feb19 - Jan20) was down 9.3%, with the PJM West Hub Cal 2019 strip down 5.5%. Both decreases were driven by increasingly warm forecasts for the first half of January. Near-term prices for both electricity and gas have now fallen back to where they were prior to running up in November due to cold weather in that month. 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.


Events

A Clean Energy Future is Good for Your Health

WGL Energy and Children's National at the 2019 NBC4 Telemundo 44 Health & Fitness Expo

 

This coming weekend, WGL Energy Services. Inc (WGL Energy) along with Children’s National Health System will be discussing ways to keep you and your family healthy at the 2019 Health & Fitness Expo at in Washington, D.C. 

The annual expo, hosted by NBC4 and Telemundo 44 at the Walter E. Washington Convention Center offers the community a chance to learn more about health, wellness and fitness. 

During the holiday season, WGL Energy served as the exclusive matching partner of the Light Up Dr. Bear campaign launched by Children’s National Health System, which provided critical funds for research and care.  Following the campaign, WGL Energy continues to support the cause by donating $50 to Children’s National for each customer who purchases one of our residential natural gas and electricity supply offerings. Click here to learn more or to make a purchase.

WGL Energy offers a variety of natural gas and electricity plans for residential customers.  You can choose an electricity plan that includes a portion of electricity sourced from clean, renewable wind power or natural gas that is matched with carbon offsets to reduce your carbon footprint and support cleaner air and water. It's an easy, cost-effective way to help improve regional air quality and reduce carbon emissions while promoting healthier living.  

Come visit us at booth 1624 to learn more about WGL Energy’s clean and sustainable energy offerings, as well as how you can help Children’s National in their mission to help thousands of children and families grow up stronger.

Booth visitors will have a chance to win a $50 Whole Foods gift card and a photo opportunity with Dr. Bear!

 

Visit the NBC4 Telemundo 44 website to learn more about this year’s Health & Fitness Expo. 

 


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 

 671.5

 

 Normal

196

465 

 758

 

 Departure from Normal

 0%

19% 

         -11%

 

 Neutral

 Colder

Warmer 

 

*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.