Economic Report 2020
ECONOMIC REPORT 2020
higher price, generally during winter. When coupled with lower demand, the much wider level of LNG availability adds to concerns around an oversupplied market and is acting to suppress prices. The average day-ahead NBP price in 2020 has been less than 23 pence per therm (p/th) – one-third lower than the 2019 average (34.70p/th) and almost two-thirds lower than the 2018 average (60.32p/th). At one point in May this year, prices were trading at just 8.50p/th – the lowest real-terms price for 18 years.
Monthly Average Day-Ahead NBP Price
0 10 20 30 40 50 60 70 80
Monthly Average Day-Ahead NBP Price
Annual Average Day-Ahead NBP Price
NBP Day-Ahead Gas Price (Pence/Therm)
Jul-17
Jul-18
Jul-19
Jul-20
Jan-17
Jan-18
Jan-19
Jan-20
Sep-17
Sep-18
Sep-19
Sep-20
Nov-17
Nov-18
Nov-19
Nov-20
Mar-17
Mar-18
Mar-19
Mar-20
May-17
May-18
May-19
May-20
Source: ICIS
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