Volume 18, Issue 10 | September 20, 2021

You Have the Power to Choose

Did you know that you can choose who supplies the natural gas and electricity for your business? Choosing the right supplier can help manage costs and offer peace of mind when it comes to reliable, affordable energy. When selecting a retail energy supplier, there are few important elements you should consider.

  • Does the length of the contract align with your business plans? Make sure to look at contract terms to understand cancellation fees or costs to switch. You may also want to ask the supplier about their renewal policy.
  • Does the supplier include clean energy as part of their service offerings?  Some suppliers source a portion of their energy from clean, renewable resources, in addition to providing alternative energy solutions such as wind and solar.
  • Compare the price of electricity and natural gas offered by the supplier with what is currently being charged by your local utility. This can be found on the supplier’s website or by giving them a call to inquire about their current rates. Be sure to ask about special pricing for different contracts such as fixed price and sub accounts.

Choosing an energy supplier can be easy, stress-free and may even lead to saving your business money.  To learn more about selecting WGL Energy as your natural gas or electricity supplier, visit our website or call 1-833-61-GREEN (1-833-614-7336) to speak with one of our energy experts.


Editor's Note

Market Jumps Again

Week in review for September 12 18, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday September 10, 2021 was 3,006 BCF. This was an increase of 83 BCF from the previous week, a bit higher than market expectations. Inventories are now 595 BCF lower than last year at this time, and 231 BCF below the 5-year average.

Similar to last week, aided by lingering storm impacts on production and fear regarding the amount of gas available in storage come winter near-term prices jumped yet again, with the 12-month NYMEX natural gas strip (Oct 21-Sep 22) up 3.7% and the PJM Western Hub ATC (7X24) 12-month strip up 9.7%. 


Weather

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

  

 

*Mar 21

April-21

May-21

June-21

July-21 

Aug-21 

Normal 

546

236

156

351

522

445

 Actual

435

238

119

348

492

492

Departure from Normal 

18%
Warmer

1%
Cooler

24%
Cooler

1%
Cooler

6%
Cooler

11%
Warmer

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.