What does NBP stand for gas?
What does NBP stand for gas?
NBP stands for National Balancing Point. In the NBP model gas anywhere in the country within the national transmission system counts as NBP gas.
What does NBP mean energy?
In the industry, this element is called Energy at NBP (Notional Balancing Point). Energy Efficiency. Achieving desired levels of lighting, heating or cooling for minimum energy use.
What is ICE NBP Natural Gas?
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. It is the pricing and delivery point for the ICE Futures Europe (IntercontinentalExchange) natural gas futures contract.
What is market price for natural gas?
Key Data
| Label | Value |
|---|---|
| Last | 3.731 |
| Prior Settlement | 3.976 |
| 52 Week High | 6.312 |
| 52 Week Low | 2.305 |
What is Natural Gas UK?
Natural gas is mostly methane – formed deep beneath the earth’s surface. It’s created by intense heat and pressure, over millions of years, acting on layers of decomposing plant and animal material.
What does SSC mean in energy?
A Standard Settlement Configuration (SSC) is a standard Metering System configuration, recognised by the Supplier Volume Allocation Agent (SVAA) System. Each SSC is related to a fixed set of Time Pattern Regime Ids that relate to Settlement Registers on the Metering System.
What is TTF gas price?
TTF=F – Dutch TTF Natural Gas Calendar
| Last Price | 94.16 |
|---|---|
| Day’s Range | 96.70 – 103.00 |
| Volume | 47 |
| Ask | 0.00 |
What is natural gas UK?
What is the UK NBP gas market?
The UK NBP gas market was established in the late 1990’s, making it the most long-lived gas market in Europe. It is similar in concept to the Henry Hub in the United States – but differs in that it is not an actual physical location.
What is NBP gas and how does it work?
In this model, gas anywhere in the national transmission system within the UK counts as NBP gas which allows simplification of trading as buyers and sellers are united in the same marketplace. The UK NBP gas market was established in the late 1990’s, making it the most long-lived gas market in Europe.
What is the gas spot price?
In the UK, the Gas Spot Price is commonly referenced to the UK National Balancing Point (NBP). In this model, gas anywhere in the national transmission system within the UK counts as NBP gas which allows simplification of trading as buyers and sellers are united in the same marketplace.
What is the UK National Balancing Point (NBP)?
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 modellingin their routine workflow.
