Page 117 - Demo

Tuesday, November 4, 2025GAS (p/therm) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 31/103/11FROM THE BEGINNING OF THIS YEARNBP SPOT73.15 75.001.85-1.2891.59145.3067.83NBP DEC2580.87 82.261.390.6998.96135.0080.87NBP JAN2682.53 83.861.330.999.56134.3982.53NBP FEB2682.66 83.921.260.8499.13132.9482.66NBP MAR2679.51 80.661.150.7895.33128.7579.51NBP APR2676.49 77.380.890.7487.64112.7176.49NBP MAY2674.08 75.101.020.5983.45106.2274.08NBP JUN2673.59 74.580.990.8481.64104.4471.89NBP JUL2673.37 74.381.010.7481.50104.0172.46NBP AUG2674.55 75.540.990.8382.30104.4273.26NBP SEP2675.55 76.540.990.8583.26104.7973.41NBP OCT2677.39 78.220.831.0885.11105.0976.00NBP NOV2682.29 83.100.81188.59105.1980.24NBP Q1 2681.53 82.781.250.8497.97132.0081.53NBP Q2 2674.71 75.680.970.7284.24107.6474.71NBP Q3 2674.48 75.4810.8182.34104.4073.04NBP Q4 2681.18 82.000.821.0288.04105.3479.86NBP SUM202674.60 75.580.980.7783.28106.0074.01NBP WIN202682.45 83.250.80.9588.99104.6180.91NBP SUM202769.33 69.860.530.2772.9281.8967.41NBP WIN202778.01 78.480.470.6180.0486.8675.08NBP SUM202864.25 64.640.390.3166.4371.7262.79The NBP spot price soared by 2.5% to 75 p/therm on Monday, driven by newsthat EDF’s Hartlepool 1 reactor will remain offline until 2 December, alongsidelower wind forecasts and cooler weather expected from mid-November. On theforward curve, the Summer 2026 delivery contract gained 1.3% to 75.58p/therm, driven by expectations of tighter gas and LNG availability.