Volume 18, Issue 1 | January 11, 2021

Pennsylvanians Take Control of Your Energy Budget

Get a fixed monthly electricity supply price regardless of weather or usage

 

 
 
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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 improve air quality 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

Return of the “Polar Vortex”?

Weekly review for January 3 - January 9, 2021

 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, January 1, 2021 was 3,330 BCF.  This was a decrease of 130 BCF from the previous week. Inventories are now 138 BCF higher than last year at this time, 201 BCF above the 5-year average.
 
Energy markets were up this week, in part due to an increased possibility of a “polar vortex,” more specifically changes in the polar vortex, which could portend severe cold weather especially in the mid-western and eastern U.S.   For now, forecasts for the next two-weeks remain near normal to warmer-than-normal for much of that area, but there is greater than usual probability for much colder than normal temperatures beginning toward the end of January.  NYMEX natural gas 12-month strip (Feb21-Jan22) was up 5.1%.  The PJM Western Hub 12-month strip was up 2.1%. 
 
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

  

 

Jul-20 

Aug-20 

Sep-20 

Oct-20 

Nov-20 

Dec-20 

Normal 

 527

 450

260

 56

467

690

 Actual

 586

 453

187

 32

321

731

Departure from Normal 

11%, Warmer 

1%,    Warmer 

28%, Colder 

43%, Colder 

31%, Warmer 

6%, 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.