Volume 18, Issue 10 | December 6, 2021

Tips to Save On Your Energy Bill This Winter

As we enter the colder months, you can perform these effective and simple tasks around the house to stay safe and comfortable, while continuing to manage energy costs.

  1. Get a utility checkup. Energy audits/checkups are can help identify issues that can affect your energy usage, such as leaky faucets, gaps and cracks, inefficient light bulbs, and older shower heads.
  2. Turn off phantom energy users.  Unplug anything with a digital display or cluster like items (such as a scanner, printer, and paper shredder) on a power strip that you can turn off and on as needed. These items use a significant amount of energy, even when it’s not operating.
  3. Seal any gaps. Tiny cracks and gaps in a typical home can cause the same loss of energy and comfort as leaving a window open year-round. Use caulk or weatherstripping around doors and window frames. Check for gaps where pipes enter your home, and seal them with expanding foam insulation.

To learn how you can save with WGL Energy this winter season visit https://promo.wglenergy.com/gogreen/ or call 1-833-61-GREEN (1-833-614-7336) to speak with one of our energy experts.

Source: https://www.washingtonpost.com/home/2021/11/16/tips-save-money-heating-bills/


Editor's Note

Prices Retreat on Warm Forecasts

Week in review for November 28 December 4, 2021

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday November 26, 2021, was 3,564 Bcf. This was a decrease of 59 BCF from the previous week, in line with market expectations. Inventories are now 375 Bcf lower than at the same time last year, and 86 Bcf below the 5-year average.

As we have been noting, natural gas prices have been volatile and were subject to big swings based on changing weather forecasts. After trading up on black Friday, this week forecasts for early December warmed significantly and prices plummeted as a result. For the week ending 12/2/2021, the 12-month NYMEX natural gas strip (Jan-Dec 2022) was down 13.8% and the PJM Western Hub ATC (7X24) 12-month strip was down 9.8%. Prices for the balance of the winter were down even more steeply with Jan-Mar2022 down 20.2% for gas and 19.6% for power.

Despite the large decreases this week, prices for 2022 delivery are still up significantly since this time last year, with natural gas up 42% since 12/2/2020 and power prices up a whopping 62%. Prices for 2023 and beyond have been less volatile (as further out delivery periods almost always are) and remain a significant discount versus 2022 prices.


Weather

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

  

 

May-21

June-21

July-21

Aug-21

Sep-21

Oct-21 

Normal 

156

351

522

445

255

55

 Actual

119

348

192

492

241

92

Departure from Normal 

24%
Cooler

1%
Cooler

6%
Cooler

11%
Warmer

6%
Cooler

69%
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.