Page 106 - Demo

Thursday, September 4, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 2/93/9FROM THE BEGINNING OF THIS YEARNBP SPOT78.85 77.80-1.05-3.494.85145.3075.10NBP OCT2578.01 78.460.45-1.9395.78134.3276.54NBP NOV2583.33 83.880.55-1.06100.29133.5282.72NBP DEC2586.97 87.440.47-1.05102.37135.0086.39NBP JAN2688.47 88.950.48-0.67102.72134.3987.46NBP FEB2688.62 89.010.39-0.51102.15132.9487.38NBP MAR2684.63 84.970.34-0.5498.28128.7583.34NBP APR2680.74 81.180.440.589.64112.7178.38NBP MAY2677.69 78.130.440.4385.02106.2274.74NBP JUN2676.54 76.980.440.7982.96104.4471.89NBP JUL2676.20 76.640.440.7982.88104.0172.46NBP AUG2677.41 77.850.440.9883.59104.4273.26NBP SEP2678.71 79.150.440.3884.48104.7973.41NBP Q4 2582.76 83.250.49-1.3599.47133.9981.96NBP Q1 2687.19 87.600.41-0.57101.01132.0086.02NBP Q2 2678.32 78.760.440.5885.87107.6475.00NBP Q3 2677.43 77.870.440.7283.64104.4073.04NBP WIN202584.95 85.400.45-0.97100.23133.0083.97NBP SUM202677.87 78.310.440.6584.74106.0074.01NBP WIN202685.53 86.060.530.8789.98104.6180.91British gas prices diverged on Wednesday. NBP spot price fell by 1.3% to 77.80p/therm on robust renewable output. Meanwhile, on the curve, the contract fordelivery in Q4 2025 ended at 83.25 p/therm, or a 0.6% increase amidexpectations of colder weather forecasts and higher carbon prices.