Page 78 - 2025 HEG Daily Energy Market Report

Tuesday, February 17, 2026

GAS (p/therm)

FRI MON VAR D-1 VAR W-1 AVG. MAX MIN
13/2 16/2 FROM THE BEGINNING OF THIS YEAR
NBP SPOT 80.05 73.75 -6.3 -8.95 87.88 105.00 73.35
NBP MAR26 76.25 72.55 -3.7 -6.4 80.07 95.20 66.34
NBP APR26 74.23 71.57 -2.66 -4.94 73.86 84.33 64.52
NBP MAY26 73.45 71.10 -2.35 -4.25 71.58 79.56 63.61
NBP JUN26 71.95 70.19 -1.76 -3.37 69.95 76.91 62.69
NBP JUL26 70.77 68.92 -1.85 -3.65 69.11 75.69 62.36
NBP AUG26 70.85 68.92 -1.93 -3.78 69.32 75.89 62.76
NBP SEP26 72.14 70.02 -2.12 -4.03 70.47 77.01 64.03
NBP OCT26 71.94 69.82 -2.12 -3.73 69.88 76.07 63.64
NBP NOV26 75.94 73.90 -2.04 -3.65 73.47 79.60 67.58
NBP DEC26 78.35 76.37 -1.98 -2.9 75.53 81.48 69.62
NBP JAN27 80.33 78.83 -1.5 -2.44 77.42 83.52 71.31
NBP FEB27 80.23 78.35 -1.88 -2.82 77.38 83.56 71.23
NBP Q2 26 73.21 70.95 -2.26 -4.19 71.80 80.26 63.67
NBP Q3 26 71.24 69.28 -1.96 -3.82 69.62 76.19 63.04
NBP Q4 26 75.40 73.36 -2.04 -3.42 72.96 79.04 66.94
NBP Q1 27 78.60 76.80 -1.8 -3.1 75.94 82.13 69.91
NBP SUM2026 72.22 70.11 -2.11 -4 70.70 78.21 63.35
NBP WIN2026 76.98 75.06 -1.92 -3.26 74.43 80.57 68.41
NBP SUM2027 61.27 60.99 -0.28 -0.56 60.06 63.59 57.74
NBP WIN2027 67.47 66.95 -0.52 -0.34 67.32 70.12 65.81
NBP SUM2028 53.07 53.07 0 -0.42 54.61 58.00 52.62

British forward wholesale gas prices continued to dip on Monday pressured by
warmer temperatures. Hence, the Q2 2026 contract fell by 1.6% to 70.95
p/therm. Similarly, the NBP spot price plunged by 8% to 73.75 p/therm