Volume 17, Issue 33 | October 12, 2020

Pennsylvanians Take Control of Your Energy Budget

Households in Pennsylvania can now get a fixed monthly electricity supply regardless of weather or usage

 
 
 
Utility rates can vary from month to month, leaving you guessing about your monthly bill and disrupting your budget. Take control of your energy budget with WGL Energy’s PowerLock, a new monthly subscription service for residential energy consumers in Pennsylvania!  With PowerLock, you get a fixed monthly subscription price, plus 100% renewable energy starting as low as $19.99/month. Log in today to obtain your customized price, then pay that same fixed price every month for your electricity supply, regardless of weather or usage. 
 
The subscription price is based upon your historical electricity usage and has no cancellation or early termination fees. It includes 100% renewable energy which helps to clean the air and preserve the environment. This offer does NOT include electric distribution charges or repairs which are billed by your electric utility as part of your total electricity bill.  You can visit our PowerLock site or call us at 1-855-PowerLk to see if you qualify.
 
 


Editor's Note

Delta Moves Through

Weekly review for October 4 October 10, 2020

 
On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, October 2, 2020 was 3,831 Bcf.  This is an increase of 75 Bcf from the previous week. Inventories are currently 444 Bcf higher than last year during this same period and 394 Bcf above the 5-year average of 3,437 Bcf.
  
The forecast calls for slightly above normal temperatures this week.  The early part of this week we will see the remnants of hurricane Delta move through the area with heavy downpours, but no widespread power outages are expected.  Power prices are following gas higher in the markets despite any real fundamental supply or demand events.
 
Markets moved higher this week as the 12-month NYMEX gas curve gained 2.5% and the 12-month PJM Western Hub increased 1.7%. 
 
 
 
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

  

 

**Apr-20 

May-20 

Jun-20 

Jul-20 

Aug-20 

Sep-20 

Normal 

 236

 159

356 

 527

450

260

 Actual

 296

 94

360

 586

453

187

Departure from Normal 

25%, Colder 

41%, Colder 

1%, Warmer 

11%, Warmer 

1%, Warmer 

28%, 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.