Volume 16, Issue 8 | March 11, 2019

Clean Energy’s Impact on the Jobs Outlook

Investments in clean energy are expected to continue to have a positive effect on the economy.

 

According to a recent report released by the National Association of State Energy Officials, clean energy is having a positive impact on job growth and the economy. Additionally, roles within this sector such as windmill operators, energy efficient manufacturers and solar installers pay more on average than the national median income. American workers in wind, solar and energy efficiency account for over 3 million positions within clean energy. Growth in clean energy employment is being evaluated by political leaders across the country to aid in reducing unemployment, improving public health and spurring economic growth.

Energy Efficiency
Over the past two years, the energy efficiency sector has employed over 2 million people and added the most jobs of any energy industry in 2017. Most of these jobs are in construction and manufacturing with one in every six construction jobs connected to energy efficiency. Additionally, ENERGY STAR® appliance manufacturers employ one-fourth of energy efficiency workers and deliver billions of dollars in consumer savings. Roles within this sector are expected to continue their growth.

Wind Energy
In 2017, over 100,000 workers were employed by wind energy companies, an increase of 6 percent over the previous year. Similar to energy efficiency roles, many wind jobs are in the construction and manufacturing industries. These workers are highly skilled builders of turbine components and at times work at high altitudes to install and maintain wind towers. Opportunities in this sector are expected to increase as companies look for more ways to reduce their carbon footprint.

Conclusion
The outlook for roles within the clean energy sector is positive. Companies across the nation are expected to continue investing in clean energy to achieve their sustainability goals. With proper investments, jobs within clean energy will have a positive impact on the economy.

For help meeting your sustainability goals or to learn more about the latest renewable energy solutions visit wglenergy.com or call 1-844-4ASK-WGL to speak with one of our energy experts.

Source:
Ettenson, L. (2018, June 15). Good News for Good Jobs: Clean Energy Soars. Retrieved March 5, 2019, from https://www.nrdc.org/experts/lara-ettenson/good-news-good-jobs-clean-energy-outpaces-fossil-fuels

 


Editor's Note

A Cold Start to March

Weekly review for March 2 - 8, 2019

 

After a warmer than normal February, we started March off with some colder than normal temperatures. February weather for our region (as measured by heating degree days at Washington Reagan National Airport) was almost 11% warmer than the past 30-year average. While the first 7 days of March were almost 30% warmer than the 30-year average, this was the third coldest first week of March in the last 30 years.

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, March 1st, 2019 was 1,390 BCF. This was a decrease of 149 BCF from the previous week and was a larger withdrawal than what the market was expecting. Storage levels remain at low levels – 243 BCF (14.9%) lower than a year ago, and 464 BCF (25%) lower than the 5-year average for this date.

Currently, the market is expecting end of heating season storage levels to fall to roughly 1,000 BCF. This would be the lowest storage level to end a winter since the polar vortex winter of 2013/2014. This will make it more challenging to refill storage this summer, especially if we have another hotter than normal summer.

Prices were mixed this week. At the end of the week, the PJM West Hub 12-month forward curve was down 0.4%, while the NYMEX natural gas 12-month strip was up 1.3%.

 

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.


Monthly Events

Energy Answers. Ask Us.

Join us at one of these upcoming events.

 

Maryland Multi-Housing Association (MMHA) Industry Development Day and Expo at Martin's Wharf
Baltimore, Maryland
March 14, 2019 

Don't miss this opportunity to network with commercial real estate professionals and the vendors who help communities run flawlessly. Our team from WGL Energy Services (WGL Energy) will be on hand to help building and property managers more efficiently manage their energy spend.

 

NFMT Facilities Conference and Expo
Baltimore, Maryland
March 26-28, 2019 

Be sure to attend the top-rated conference and expo for facilities executives, connecting you with the technology and education to revolutionize the world of tomorrow. While you're there, visit with WGL Energy team members for the latest on energy management and procurement strategies.

 

Visit our website for the full schedule of events


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

864

641

 

 Normal

196

465 

 758

864

715

 

 Departure from Normal

 0%

19% 

         -11%

0%

-10%

 

 Neutral

 Colder

Warmer 

Normal

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.