Volume 18, Issue 10 | February 7, 2022

Introducing our new program CleanSteps®

CleanSteps® is an easy and simple way to manage your carbon footprint. Carbon offsets help to counteract greenhouse gases that result from everyday activities such as driving a car or dining out. The environmental benefit of just one carbon offset – equal to one metric ton of avoided greenhouse gases — compares to taking the average car off the road for about two months*. We have three unique levels to choose from:

The Contributor is a low-cost option designed for someone primarily at home, who travels a limited number of miles throughout the year.

The Promoter option is ideal for an individual or family who spends more time commuting around town, eating out and using public internet.

The Influencer option is for those dedicated to going above and beyond to lower their carbon footprint while on the move.

By buying any one of the CleanSteps products, you are balancing your CO2 emissions generated by activities outside of the home with an equal amount of CO2 reductions from climate focused projects within the Mid-Atlantic region. In addition to supporting projects already completed or in progress, and unique to CleanSteps, a portion of all proceeds is also invested into carbon reduction funds managed by the Chesapeake Bay Foundation (CBF) and the Pennsylvania Environmental Council (PEC). These dollars go toward new projects to reduce greenhouse gas emissions in our area. All WGL Energy carbon offsets are validated and verified by an independent third party.

To learn more about how you can offset your carbon footprint with CleanSteps®, visit www.cleansteps.com or call 1-844-427-5945 to speak with one of our clean energy experts.

*Derived from the Greenhouse Gas Equivalencies Calculator | US EPA.


Winter Storm Drives up Prices

Week in review for January 30 – February 5, 2022

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday January 28, 2022 was 2,323 Bcf. This was a decrease of 268 BCF from the previous week, a bit lower than with market expectations. Inventories are now 393 Bcf lower than they were at the same time last year, and 143 Bcf below the 5-year average.

Buoyed by expectations of cold and icy weather throughout the middle and northeast of the country, forward energy markets continued their upward climb that saw February NYMEX settle at 6.265, up $2 on the final day of trading to the highest monthly settle price since December 2008. Prices for the prompt 12-months were up as much as 19% as of Wednesday (2/2/2022) but gave back some of the gains on Thursday. For the week ending 2/3/2022, the 12-month NYMEX natural gas strip (Mar. 22-Feb. 23) was up 11.4% and the 12-month PJM STD 7x24 contract strip up 9.4%.


Weather

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

  

 

Aug-21

Sep-21

Oct-21

Nov-21

Dec-21

Jan-22

Normal 

445

255

55

467

669

848

 Actual

492

241

92

513

541

943

Departure from Normal 

6%
Cooler

11%
Warmer

6%
Cooler

10%
Cooler

19%
Warmer

11%
Cooler

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.