22 July 2025

PPA and GPA Pricing Update w/c 21st July 2025

NSR PPA and Green Gas Markets Update :

  • TTF and NBP front-end contracts dropped as much as 3% yesterday. 
  • Headline-driven trade again with market participants reacting to tariff comments made by Trump.
  • Gas market focus will now turn to the August planned maintenance programme in the Norwegian sector. 
  • This morning, Green Gas is up around 1%.
  • Spot Power markets continue to be weak on renewable performance. 
  • Pricing was in the £50 to £75 range through HHs for most of yesterday.