The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase and exchange of UK natural gas. Gas at the NBP trades in pence per therm. made to buy or sell the required quantity of gas to balance their position at the marginal system buy or sell price for that day. Pipeline-quality gas has a energy value slightly higher than that of pure methane, which has 10.47 kilowatt-hours per cubic metre (1,012 British thermal units per UK Natural Gas Futures. UK Natural Gas Futures910. Product Specs · Data · Expiry Details · Margin Rates · Options. Contract, Last, Time(GMT), % Change UK Natural Gas Futures 1,000 therms of natural gas per day (1 therm = 29.3071 kilowatt hours) The contract price is in Sterling and pence per therm. Created with Highcharts 6.2.0 Gas Spot Price Source: Intercontinental Exchange, US Energy Information Administration, ERCE Estimates UK NBP (p/therm) WTI Crude (CL) is trying to firm in today's Asia morning as short covering begins ahead of the weekly inventory figures at 1030am EST. Significantly,.
24 Jun 2008 A more detailed look on what to expect for UK natural gas prices in the price ratio of nat gas versus oil on a heating value basis (per million
Gas prices in the UK are commonly referenced to the UK National Balancing Point (NBP) price. Trends for the UK NBP are considered by ERCE’s oil and gas commercial modelling in their routine work flow. The Gas Spot Price is the current price in a marketplace at which natural gas can be traded for immediate delivery. Projected wholesale price of gas in the United Kingdom (UK) from 2017 to 2040 (in British pence per therm) This statistic shows the projected price of gas in the United Kingdom from 2017 to 2040, in pence per therm. The high, central and low projections are used by Her Majesty's Government for policy appraisal and modeling work. After reaching a low of 28 pence per therm in September 2016 (one therm is about 2.64 cubic metres of natural gas), in 2017 prices fluctuated between 35 and 53 pence per therm. Gas prices for industry vary significantly depending on energy consumption. Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the National Balancing Point (NBP) Virtual Trading Point, operated by National Grid, the transmissions system operator in the UK. Delivery is made equally each day throughout the delivery period
Prices vary by supplier and UK region. One Therm is the equivalent to 29.3 kWh, so the price per kWh is 1.44 pence or £0.0144. A separate Climate Change Levy is applied to natural gas from the utility provider at 0.193p per kilowatt hour.
Natural gas is a fossil fuel that is both odorless and colorless in its purest form. The main component is methane, also known as CH4. The price of natural gas is often affected by adverse weather