National Balancing Point definition

National Balancing Point or “NBP” means the notional delivery point at which Natural Gas may be the subject of Trade Nominations (as defined in the Network Code) in accordance with the terms of the Network Code;
Sample 1Sample 2Sample 3
National Balancing Point means delivery point on the national transmission system. As part of AggregateEU, the reference to National Balancing Points should be understood to include Virtual Trading Points.
Sample 1Sample 2

Examples of National Balancing Point in a sentence

  • The 2015 Study examined changes in three benchmark prices across the export scenarios: the Henry Hub price in the United States, the National Balancing Point (NBP) price in the United Kingdom, and the Japan Korea Marker (JKM) price.

  • Group Basic (losses)/earnings per share is computed by dividing the earnings attributable to the equity holders of the Company in each financial period by the weighted average number of ordinary shares outstanding at the end of the respective financial period.

  • As per the said guidelines, the gas price will be based on weighted average basis of the volumes of natural gas consumed in the US (Henry Hub, US), National Balancing Point (NBP) UK, annual average of monthly prices at the Alberta Hub, Canada and Russia (as published by Federal Tariff of the Russian Government or equivalent source).

  • Since then trading at gas hubs such as the National Balancing Point (NBP) in the United Kingdom and the Title Transfer Facility (TTF) in The Netherlands has gained rapid importance (Heather, 2012).

  • The National Balancing Point, commonly referred to as the NBP, is the virtual trading location for GB natural gas.

  • This highlights the impacts on security of supply and the National Balancing Point (NBP) price and any potential unintended consequences.Several Workgroup participants requested analysis relating to the impact of all the 0621 Modifications on security of supply.

  • As a consequence, we base our study on the National Balancing Point which is the most liquid hub in Europe and a centralized point for natural gas spot and futures trading at the Intercontinental Exchange (ICE).

  • There is one single gas market (NBP: National Balancing Point), there are no regional taxes, and there is one single gas transmission system operator, National Grid Gas plc.

  • The average price at the UK National Balancing Point was 23% lower than in 2015.

  • The present study therefore examines po- tential drivers of liquidity in the National Balancing Point (NBP) forward market, which is the main pricing hub in Europe (Cummins and Murphy, 2015; European Commission, 2015) and thus the best representative of the European natural gas market.

Related to National Balancing Point

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.