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Encyclopedia > National Balancing Point (UK)

The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase of UK natural gas. It is the pricing and delivery point for the IPE (International Petroleum Exchange) natural gas futures contract. Natural gas is a gaseous fossil fuel consisting primarily of methane but including significant quantities of ethane, butane, propane, carbon dioxide, nitrogen, helium and hydrogen sulfide. ... The International Petroleum Exchange, based in London (England), is one of the worlds largest energy futures and options exchanges. ... In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a specified price. ...


It is the most liquid gas trading point in Europe and is a major influence on the price that domestic consumers pay for their gas at home. Gas at the NBP trades in pence per therm. Market liquidity is a business or economics term that refers to the ability to quickly buy or sell a particular item without causing a significant movement in the price. ... Above: A variety of coins considered to be lower-value, including an Irish 2p piece and many US pennies. ... The therm (symbol thm) is a non-SI unit of heat energy. ...


It in similar in concept to the Henry Hub in the United States - but differs in that it is not an actual physical location. Henry Hub is the pricing point for natural gas futures contracts traded in the New York Mercantile Exchange, or NYMEX. It is a point on the natural gas pipeline system in southern Louisiana. ...


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