12 June 2025

PPA and GPA Pricing Update w/c 9th June 2025

 NBP and TTF Gas contracts dropped over 4% yesterday. 

This is the biggest drop since April 9th on the last trading day of the June contract. 

  • Gas market volatility continues to be driven by macro political news and economic outlook. 
  • Traders moved to price in the possible demand-side impact of any new tariff ruling. 
  • In previous sessions, the market had been strongly higher on unplanned outages and LNG supply. 
  • PPA and power markets have followed gas lower. 
  • This morning, wind performance in the UK is robust again, delivering around 45% of the demand requirement. 

In other news: Sizewell C Nuclear Plant gets go-ahead with £14.2bn of government funding.