The market opened slightly higher this morning and is off recent lows, but unfortunately for generators, it remains weak.
NBP gas trades up over 5% at the front end of the price curve this afternoon.
We continue to see some consolidation of gas pricing around the 60p per therm mark.
Nymex US gas contracts are also up sharply today, supporting global LNG pricing.
We have also seen buying from speculative short interest who have been reducing positions after the move down over the last few months.
These moves in underlying markets have supported Green Gas and PPA pricing.
NBP gas season pricing
If you have any questions, please get in touch.
Jamie Banks
PPA Manager at New Stream
