Volume 18, Issue 10 | April 4, 2022

Spring Energy Saving Tips

Entering the spring season, creates a new opportunity for you to save on your energy bill. This week we will provide you with a few tips you can implement to regulate energy consumption for your home or business.

  • Service your air conditioner regularly. Easy maintenance such as routinely replacing or cleaning air filters can lower your cooling system’s energy consumption by up to 15 percent. 
  • Open windows. Opening windows allows you to naturally cool your home without switching on air conditioners. This works best during the spring when temperatures are mild.
  • Turn on bathroom fans. Bathroom fans excrete heat and humidity from your home, improving comfort.
  • Close air ducts. Air loss through ducts can lead to high electricity costs, accounting for nearly 30 percent of a cooling system’s energy consumption. Sealing and insulating ducts can go a long way toward decreasing your bill.

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

Source: https://www.energy.gov/energysaver/articles/10-energy-saving-tips-spring

 


Editor's Note

Another Increase as Injection Season Begins

Week in review for March 27- April 2, 2022

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday March 25, 2022, was 1,415 Bcf.  This was an increase of 26 Bcf from the previous week.  This marked the first injection of the season and, was in-line with market expectations.  Inventories are now 347 Bcf lower than the same time last and 244 Bcf below the 5-year average.  

Once again prices were up for the week.  The 12-month NYMEX natural gas strip (May22-Apr23) was up 4.0% and the 12-month PJM STD 7x24 up 2.8% for the week ending 3/31/2022. 

Looking a little further out at the Calendar strips as shown in the table below, we see huge increases from the last year with gas up 75% and power up 101% for 2023.  Year over Year increases are significant though not as extreme for 2024-2026 which continue to trade at a significant discount to the nearer term.


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.