Page 82 - 2025 HEG Daily Energy Market Report

Monday, February 16, 2026

GAS (p/therm)

THU FRI VAR D-1 VAR W-1 AVG. MAX MIN
12/2 13/2 FROM THE BEGINNING OF THIS YEAR
NBP SPOT 80.92 80.05 -0.87 -10.45 88.19 105.00 73.35
NBP MAR26 77.23 76.25 -0.98 -8.91 80.31 95.20 66.34
NBP APR26 74.75 74.23 -0.52 -5.56 73.94 84.33 64.52
NBP MAY26 74.04 73.45 -0.59 -3.8 71.60 79.56 63.61
NBP JUN26 72.35 71.95 -0.4 -2.87 69.94 76.91 62.69
NBP JUL26 71.21 70.77 -0.44 -2.82 69.12 75.69 62.36
NBP AUG26 71.25 70.85 -0.4 -2.89 69.33 75.89 62.76
NBP SEP26 72.53 72.14 -0.39 -2.85 70.48 77.01 64.03
NBP OCT26 72.18 71.94 -0.24 -2.55 69.89 76.07 63.64
NBP NOV26 76.18 75.94 -0.24 -2.55 73.46 79.60 67.58
NBP DEC26 78.98 78.35 -0.63 -1.94 75.50 81.48 69.62
NBP JAN27 80.98 80.33 -0.65 -2.12 77.38 83.52 71.31
NBP FEB27 80.78 80.23 -0.55 -2.09 77.35 83.56 71.23
NBP Q2 26 73.72 73.21 -0.51 -4.08 71.82 80.26 63.67
NBP Q3 26 71.65 71.24 -0.41 -2.86 69.64 76.19 63.04
NBP Q4 26 75.78 75.40 -0.38 -2.35 72.94 79.04 66.94
NBP Q1 27 79.21 78.60 -0.61 -1.97 75.91 82.13 69.91
NBP SUM2026 72.68 72.22 -0.46 -3.46 70.72 78.21 63.35
NBP WIN2026 77.47 76.98 -0.49 -2.16 74.41 80.57 68.41
NBP SUM2027 61.86 61.27 -0.59 -0.77 60.04 63.59 57.74
NBP WIN2027 67.78 67.47 -0.31 -0.31 67.33 70.12 65.81
NBP SUM2028 53.34 53.07 -0.27 -0.98 54.66 58.00 52.62

British gas prices moved lower on Friday amid milder weather forecasts, The
NBP spot fell by 1.1% to 80.05 p/therm. Along the curve, the Q2 2026 contract
settled at 73.21 p/therm, marking a 0.7% daily decrease.