LEBA NBP UK Gas Indices Product Overview

The LEBA NBP package provides reliable, independent UK gas pricing based on trading activity, provided as a set of daily indices.

Use Cases

NBP is used as an indicator of Europe’s wholesale Gas market. LEBA are in a unique position to offer a consolidated view of the market across contributing energy brokers. LEBA NBP package offers volume weighted average pricing from all LEBA members during the UK Trading day. Volume based, weighted averages quoted in therms and pence per therm. Oil and Gas producers, wholesale users, utilities, and financial traders benefit from independent market information based on traded activity rather than price assessments; the regulator’s preferred input data for determining indices. Designed to complement your pricing data, LEBA indices offer an essential addition to your daily analysis. Historical data is available for analysis and back testing.

Key Data Points

Examples of key data points include:

Launched in September 2018, LEBA offer a comprehensive package of UK and European Gas indices including the UK NBP Gas market.

The LEBA NBP indices offer a comprehensive set of indices determined by including both physically delivered and financially settled Natural Gas Futures. LEBA NBP Indices, alongside the existing Zeebrugge indices and hubs across Continental Europe, complete the European Gas data suite giving market participants a unique view of daily trading activity.

The LEBA NBP Gas Indices comprise of day ahead, weekend and month ahead tenors and are volume weighted average prices (VWAP) of all trades transacted through LEBA members between 07:00 hrs and 17:00 hrs UK time.

Additional Information

The UK NBP is the UK National Balancing Point (“NBP”) for Natural Gas and is regularly used as an indicator of Europe’s wholesale gas market. The NBP is the longest standing European natural gas market used by participants as the basis for trading the UK Gas market since the 1990’s.

The UK gas market includes the UK’s North Sea gas production, imports from Norway and Continental Europe and LNG supplies.

Pricing Information

The LEBA NBP UK Gas Indices are available by subscription only. If you wish to contact LEBA regarding subscription options, please email team@eosedata.com.

Need Help?

• If you have questions about our products, contact us using the support information below. leba@leba.org.uk or team@eosedata.com

About Your Company

The London Energy Brokers' Association was formed in 2003 in affiliation with the European Venues and Intermediaries Association (previously the Wholesale Markets Brokers' Association) to represent wholesale markets broking firms active in the Over the Counter (OTC) and exchange traded UK and liberalised European energy markets.

These brokers intermediate and facilitate bilateral contracts to be concluded between banks, trading houses, commercial enterprises, public utilities and integrated energy businesses, providing liquidity and price discovery to these markets as well as contributing significant liquidity to European exchange traded markets. The major products that they deal in include crude oil and refined petroleum products, gas, electricity, coal and emissions. More than $2 trillion worth of energy is traded through LEBA brokers each year, with data from the broker market helping to drive energy markets throughout the world.

LEBA represents the interests of its members and those of the markets in which they operate, with particular support in the areas of regulation and legislation both in the UK and Europe. Of particular importance are the relationships that LEBA has with regulators, Government bodies and other energy market associations. The Association also supports efforts to ensure the highest standards of training and competence and codes of conduct are adhered to.

The Association currently collates and publishes price indices in respect of Carbon, European and UK Gas and Power and Coal and full details of these can be found in our Market Data section. In addition, the association collects and publishes frequent statistics covering the size and scope of the member firms' activities in the wholesale energy markets.