Page 70 - Demo

Wednesday, September 17, 2025GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 15/916/9FROM THE BEGINNING OF THIS YEARNBP SPOT78.00 78.600.6-1.894.05145.3075.10NBP OCT2578.54 79.300.76-1.4894.98134.3276.54NBP NOV2583.64 84.350.71-1.1899.52133.5282.72NBP DEC2587.24 87.860.62-1.04101.67135.0086.39NBP JAN2688.90 89.500.6-0.98102.08134.3987.46NBP FEB2688.97 89.570.6-1.02101.55132.9487.38NBP MAR2684.97 85.670.7-1.0397.67128.7583.34NBP APR2680.95 81.470.52-0.7189.25112.7178.38NBP MAY2678.12 78.750.63-0.5984.71106.2274.74NBP JUN2677.03 77.660.63-0.5482.70104.4471.89NBP JUL2676.61 77.250.64-0.4882.60104.0172.46NBP AUG2677.83 78.460.63-0.4783.33104.4273.26NBP SEP2679.20 79.830.63-0.4184.24104.7973.41NBP Q4 2583.13 83.830.7-1.2398.72133.9981.96NBP Q1 2687.57 88.200.63-1.01100.40132.0086.02NBP Q2 2678.69 79.290.6-0.6185.54107.6475.00NBP Q3 2677.87 78.500.63-0.4583.38104.4073.04NBP WIN202585.33 85.990.66-1.1399.55133.0083.97NBP SUM202678.28 78.890.61-0.5384.46106.0074.01NBP WIN202685.89 86.510.62-0.1889.80104.6180.91NBP SUM202772.01 72.610.6-0.173.2281.8967.41NBP WIN202779.96 80.500.54-0.0880.1386.8675.08Despite ample LNG supplies, the NBP spot price increased by 0.8% to 78.60p/therm on Tuesday, supported by a technical rebound and reduced nuclearoutput from outages at the 595 MW Hartlepool 1 and 615 MW Heysham 2-7reactors. On the forward curve, the Winter 2025 delivery contract added 0.8%to 86 p/therm, as concerns over weak 2025 wind generation raised the potentialfor higher-than-normal gas demand during the winter season.