National Balancing Point (NBP) | Practical Law
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National Balancing Point (NBP)
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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
.