National Balancing Point (UK)
From Wikipedia, the free encyclopedia
The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase and exchange of natural gas in the United Kingdom.[1] It is the pricing and delivery point for the ICE Futures Europe (IntercontinentalExchange) natural gas futures contract. It is the second most liquid gas trading point in Europe[2] and has a major influence on the price that domestic consumers pay for their gas[citation needed]. Gas at the NBP trades in pence per therm. It is similar in concept to the Henry Hub in the United States but differs in that it is not an actual physical location.
This article needs additional citations for verification. (February 2016) |