National Balancing Point (NBP) | Practical Law

National Balancing Point (NBP) | Practical Law

National Balancing Point (NBP)

National Balancing Point (NBP)

Practical Law UK Glossary w-002-0557 (Approx. 4 pages)

Glossary

National Balancing Point (NBP)

A notional delivery point on the national transmission system (NTS). All gas entering the NTS is assumed to flow to the NBP and gas leaving the NTS is assumed to come from the NBP. Gas is traded at the NBP under the NBP terms. For more information, see Practice note, Downstream gas industry: overview.