Page 46 - Demo

Thursday, September 25, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 23/924/9FROM THE BEGINNING OF THIS YEARNBP SPOT80.00 78.35-1.65-0.4793.62145.3075.10NBP OCT2580.33 79.49-0.84-0.0394.51134.3276.54NBP NOV2584.43 83.46-0.97-0.8999.04133.5282.72NBP DEC2587.22 86.38-0.84-1.47101.22135.0086.32NBP JAN2688.62 87.93-0.69-1.55101.67134.3987.46NBP FEB2688.65 87.98-0.67-1.6101.15132.9487.38NBP MAR2685.02 84.43-0.59-1.1997.28128.7583.34NBP APR2681.09 80.66-0.43-0.888.99112.7178.38NBP MAY2678.83 78.45-0.38-0.2984.53106.2274.74NBP JUN2677.89 77.51-0.38-0.1482.54104.4471.89NBP JUL2677.29 76.91-0.38-0.3282.43104.0172.46NBP AUG2678.60 78.22-0.38-0.2283.18104.4273.26NBP SEP2680.02 79.64-0.38-0.1784.11104.7973.41NBP Q4 2583.99 83.11-0.88-0.7998.24133.9981.96NBP Q1 2687.39 86.74-0.65-1.4499.99132.0086.02NBP Q2 2679.27 78.87-0.4-0.4185.35107.6475.00NBP Q3 2678.62 78.24-0.38-0.2483.23104.4073.04NBP WIN202585.67 84.90-0.77-1.1299.11133.0083.97NBP SUM202678.94 78.55-0.39-0.3384.28106.0074.01NBP WIN202686.72 86.70-0.020.1689.70104.6180.91NBP SUM202772.77 72.72-0.050.0273.2181.8967.41NBP WIN202780.79 80.75-0.040.2880.1586.8675.08British near-term gas prices fell on Wednesday as mild weather curbeddemand. As a result, NBP spot decreased by more than 2% to 78.35 p/therm.Further out the curve, the gas price for Winter 2025 delivery traded about 1%lower at 84.90 p/therm due to a strong supply outlook.