Volume 18, Issue 10 | October 4, 2021

Clean Energy Starts With You

Whether at work or on-the-go, you should always be looking for ways that pushes you towards a cleaner and brighter future. Reducing your environmental impact starts with YOU and can be done by:

  • Reducing energy waste through ENERGYSTAR and energy efficiency. Using certified ENERGYSTAR products for your home or business can help you optimize energy usage, reduce emissions and air pollution.
  • Switching to cleaner energy sources. Purchasing renewable solar and wind energy can save you money and provide you with greater control of your energy use.
  • Educating yourself more about where you live. Staying up to date on the local environmental quality information in your area, can ensure you maintain an energy efficient lifestyle.

To learn more about how you can reduce your impact with WGL Energy visit our website or call 1-833-61-GREEN (1-833-614-7336) to speak with one of our energy experts.

Source: https://www.epa.gov/energy/reduce-environmental-impact-your-energy-use


Editor's Note

Volatility and Worldwide Demand for Natural Gas

Week in review for September 26 October 2, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday September 24, 2021 was 3,170 BCF. This was an increase of 88 BCF from the previous week, close to market expectations. Inventories are now 575 BCF lower than last year at this time, and 213 BCF below the 5-year average: both of those numbers are slightly better than last week (and the week before) but still at low levels leading to fears about the amount of gas heading into the heating season. Supply concerns are exacerbated by even lower storage levels in Europe where supplies are below the previous 5-year minimum, leading to high prices in European markets which, combined with ever-present Asian demand, increase price incentives for US production to be shipped out as LNG even during periods of high US demand.

Energy markets bounced around but ended sharply higher, with the 12-month NYMEX natural gas strip (Nov 21-Oct 22) up 9.7% and the PJM Western Hub ATC (7X24) 12-month strip up a whopping 13.4%. As was the case last week, prices for 2024 and 2025 are more reasonable, and a significant discount versus 2022.

 

 


 

 

 

 

 

 

 



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.