National Balancing Point (UK)
The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase and exchange of UK natural gas. It is the pricing and delivery point for the ICE (IntercontinentalExchange) natural gas futures contract. 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. It is similar in concept to the Henry Hub in the United States - but differs in that it is not an actual physical location.
Read more about National Balancing Point (UK): Balance, National Grid Plc, OCM Trading System
Famous quotes containing the words national, balancing and/or point:
“In the past, it seemed to make sense for a sportswriter on sabbatical from the playpen to attend the quadrennial hawgkilling when Presidential candidates are chosen, to observe and report upon politicians at play. After all, national conventions are games of a sort, and sports offers few spectacles richer in low comedy.”
—Walter Wellesley (Red)
“Men are to be guided only by their self-interests. Good government is a good balancing of these; and, except a keen eye and appetite for self-interest, requires no virtue in any quarter. To both parties it is emphatically a machine: to the discontented, a “taxing- machine;” to the contented, a “machine for securing property.” Its duties and its faults are not those of a father, but of an active parish-constable.”
—Thomas Carlyle (1795–1881)
“I have touched the highest point of all my greatness,
And from that full meridian of my glory
I haste now to my setting. I shall fall
Like a bright exhalation in the evening,
And no man see me more.”
—John Fletcher (1579–1625)