National Balancing Point (UK)
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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.
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 in similar in concept to the Henry Hub in the United States - but differs in that it is not an actual physical location.
