NSR PPA and Green Gas Markets Update :

European gas markets are higher again this afternoon after a positive start to the week.

• PPA pricing follows gas markets higher.
• Gas has found support after US Energy Secretary Chris Wright made demands that “EU stops buying Russian gas if it wants sanctions on Putin“.
• Russian transit gas to Europe still made up around 15% of overall imports in 2024.
• Green Gas is up at the front end around 4%.

PPA 12-month contracts are 3% higher than Friday

NSR PPA and Green Gas Markets Update 10/9/25

We have already had some questions from clients around market response to events overnight in Doha and this morning in Poland.

• Markets are so far muted.
• Green Gas is up 1%.
• PPA pricing is flat to yesterday’s close.
• We will continue to monitor and update accordingly.
• NSR still view any current market strength as a price fixing opportunity, particularly for PPAs.

If you would like to discuss fixing opportunities or benchmark PPA prices for April 2026 starts, please let Fran or me know so we can prioritise, as we are seeing a lot of requests currently.

NSR PPA and Green Gas Markets Update 12/9/25

• Green Gas down 2.25%
• PPAs down 2%
• System Power Pricing Negative – £74.07

Jamie Banks
PPA Manager at New Stream