Page 2 - 2025 HEG Daily Energy Market Report

Monday, March 16, 2026

GAS (p/therm)

THU FRI VAR D-1 VAR W-1 AVG. MAX MIN
12/3 13/3 FROM THE BEGINNING OF THIS YEAR
NBP SPOT 125.75 126.00 0.25 -7.25 93.56 140.00 71.25
NBP APR26 129.35 127.79 -1.56 -9.63 85.26 143.53 64.52
NBP MAY26 127.63 126.07 -1.56 -8.1 82.99 141.50 63.61
NBP JUN26 123.51 122.14 -1.37 -5.16 80.63 135.07 62.69
NBP JUL26 120.44 119.26 -1.18 -2.05 78.92 129.95 62.36
NBP AUG26 120.24 119.87 -0.37 -0.14 78.83 128.98 62.76
NBP SEP26 120.84 119.74 -1.1 -1.35 79.76 129.42 64.03
NBP OCT26 120.00 118.19 -1.81 -1.13 79.01 127.67 63.64
NBP NOV26 121.79 120.49 -1.3 -0.53 82.27 129.37 67.58
NBP DEC26 123.64 122.19 -1.45 -1.48 84.26 131.72 69.62
NBP JAN27 123.57 121.85 -1.72 0.62 85.52 130.40 71.31
NBP FEB27 122.75 120.44 -2.31 1.61 84.96 128.46 71.23
NBP MAR27 113.27 111.25 -2.02 2.2 79.72 118.76 67.33
NBP Q2 26 126.84 125.34 -1.5 -7.64 82.96 140.05 63.67
NBP Q3 26 120.50 119.62 -0.88 -1.18 79.16 129.45 63.04
NBP Q4 26 121.81 120.29 -1.52 -1.05 81.84 129.59 66.94
NBP Q1 27 119.77 117.76 -2.01 1.47 83.35 125.79 69.91
NBP SUM2026 123.65 122.47 -1.18 -4.39 81.05 134.72 63.35
NBP WIN2026 120.80 119.04 -1.76 0.2 82.59 127.71 68.41
NBP SUM2027 83.00 84.00 1 2.83 64.16 89.65 57.74
NBP WIN2027 83.50 84.30 0.8 4.5 69.67 86.53 65.81
NBP SUM2028 60.37 61.53 1.16 5.31 55.00 61.53 52.62

The British spot gas price edged 0.2% higher at 126 p/therm on Friday,
supported by geopolitical tensions in the Middle East. Gains were tempered by
increased Norwegian deliveries and expectations that the heating season is
nearing its end. On the forward curve, the Summer 2026 delivery contract fell
by 1% to 122.47 p/therm as markets priced in US and French commitments to
secure LNG shipments in the Gulf.