Volume 18, Issue 10 | July 18, 2022

Editor's Note

Prices Bounce

Week in review for July 3-9, 2022

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday July 1, 2022 was 2,311 Bcf. This was an increase of 60 BCF from the previous week, a lower injection than expected.  Inventories are still very low, now 261 BCF lower than last year at this time, and 322 Bcf below the 5-year average.  

In part due to the bullish storage report, markets were up this week, bouncing up from 6/30/2022 levels that were the lowest since April.  The prompt 12-month NYMEX natural gas strip (Aug22-Jul23) was up 7.5% for the week.  The 12-month PJM STD 7x24 strip was up 9.2%.


Energy Market Charts

 

 

 

 


Feature

Workplace Greening Tips

As many companies begin to return to the office, this creates the perfect opportunity to incorporate green practices that enhance sustainability and reduce environmental impact. Below are few things you can do as you operate throughout your day-to-day in the workplace.

  • Share printed files with coworkers. This reduces ink and printer usage. Also having digital copies of documents allows others to access them from their computers.*

  • Donate gently used materials. Donate books and manuals to others in need instead of throwing them away;* start a neighborhood Library Box.  

  • Telecommute when possible. Working from home is a great way to reduce your carbon footprint over commuting.* On the days you drive to the office, consider managing your trips with CleanSteps®. Visit cleansteps.com to learn more.

  • Use non-toxic cleaning products when cleaning. Choose products with natural substances over hazardous chemicals.*

Adapting a green lifestyle in the workplace, elevates our environment to a cleaner and brighter future. To learn more about how you can go green with WGL Energy visit wglenergy.com/gogreen or call (888) 422-4001 to receive more information about our greening partnerships.

*Source: https://www.conserve-energy-future.com/remarkable-ways-to-go-green-at-workplace.php


Weather

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

  

 

Dec-21

Jan-22

Feb-22

Mar-22

April-22

May-22

Normal 

669

848

677

529

236

63

 Actual

541

943

626

455

249

59

Departure from Normal 

19%
Warmer

11%
Cooler

8%
Warmer

14%
Warmer

6%
Cooler

7%
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.