Volume 17, Issue 19 | June 15, 2020

Your Competitive Advantage: Sustainability

RECs and Carbon Offsets can help differentiate your brand

 
A 2018 Accenture Strategy report finds that 62% of consumers are drawn to brands that are focused on improving the environment.
 
One of the ways your business can show it’s environmentally conscious while differentiating its brand and gaining a competitive advantage, is to reduce its carbon footprint and use only renewable energy for powering your business operations. The fastest and easiest way to do this is by procuring renewable energy credits (RECs) and carbon offsets.
 
WGL Energy Services, Inc. (WGL Energy) offers a variety of renewable energy options for businesses of any size through RECs sourced from either national or local wind farms. We can facilitate block purchases of wind power or match wind power to a percentage of your existing electricity supply. No new or special equipment is needed. All of our wind power products are Green-e® Energy certified, a trusted global leader in clean energy certification.
 
Another simple yet important step you can take toward fighting global climate change is to become carbon neutral by counterbalancing the environmental impact of your natural gas usage with carbon offsets. Activities such as business travel, conferences and events can be made greener through the purchase of carbon offsets from WGL Energy. Our carbon offsets come from local emissions reduction projects, such as landfill gas capture and destruction, and are Green-e® Climate certified.
 
In addition, partial proceeds from your purchase are invested in a Carbon Reduction Fund managed by the Chesapeake Bay Foundation to support local greenhouse gas reduction projects. To date, WGL Energy has donated $1.8 million to improve air and water quality in the Chesapeake Bay region.
 
With electricity from renewable sources like wind and carbon offsets matched to natural gas usage, you can bring your energy carbon footprint down to zero. It’s a quick and easy approach toward achieving sustainability, fighting global climate change and differentiating your brand.
 
 
To learn more about Carbon Offsets watch our video at:
 
To learn more about RECs watch our video at: 
 
Or email us at: GoGreen@wglenergy.com 


Editor's Note

Warm Weather, Higher Prices This Week

Weekly review for June 6 - June 12, 2020

 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, June 5, 2020 was 2,807 BCF. This was an increase of 93 BCF from the previous week and was in line with what the market was expecting. Storage levels are 748 BCF (36.3%) higher than a year ago, and 421 BCF (17.6%) higher than the 5 year average for this date.
  
The warmer temperatures we experienced this week look to continue. Both the 6-10 day and 8-14 day outlooks from the National Weather Service are predicting warmer than normal temperatures for the Mid-Atlantic region.
 
Prices were up this week for both gas and power. At the end of the week, the NYMEX natural gas 12-month strip was up 1.3%, while the PJM West Hub 12-month forward curve was up 2.7%.  
 
   
 
 
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

Washington, D.C. Area Cooling/Heating Degree Days

  

 

**Dec-19 

**Jan-20 

**Feb-20 

**Mar-20 

**Apr-20 

May-20 

Normal 

 690

 863

717 

 546

236

126

 Actual

 709

 709

614

 372

296

94

Departure from Normal 

3%, Colder 

19%, Warmer 

14%, Warmer 

32%, Warmer 

25%, Colder 

125%, Colder 

Cooling degree day (CDD) 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 below 65, there are no cooling degree days that day. If the day’s average temperature is greater than 65 degrees, then subtract 65 from the average temperature to find the number of cooling degree days.

**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.