NSR PPA and Green Gas Markets Update: Monday

Front-end pricing is slightly higher than the close on Friday.

Upward price momentum for both PPA and Green Gas appears to have slowed for now.

“Broader commodity complex weaker on easing fears that the Middle East conflict would trigger significant economic fallout.”

• Winter gas is down 2%.
• Front-end PPA pricing is also down around 2%.

NSR PPA and Green Gas Markets Update: Tuesday

NBP Gas down 14%

*Power down 10%

*For those PPA generators who haven’t fixed over the last few days but still want to contract a 2026 start, please let us know, as some of the curve contracts are holding up relative to the front.

NSR PPA and Green Gas Markets Update: Thursday

PPA markets trade down around 1% this morning.

• Wind is delivering 28% of the UK’s demand requirement, with solar at 12% (expected to ramp significantly).
• Green Gas Markets follow the underlying NBP and TTF, which are lower.
• Front-end Green Gas is down 2% this morning.
• Carbon markets saw a big move lower yesterday, “detaching” from Power and Gas pricing.
• ICE Dec closed down 3.5%.
• Green Gas down 6%
• *PPAs down 4%

*front end with back support relative to shorter dated contracts.