SUBSCRIBER NOTE: Platts changes TTF, NBP balance month gas assessment methodology

Following industry consultation, S&P Global Platts has, effective Monday, July 3, 2017, changed the last assessment day for the daily Dutch TTF and UK NBP balance-of-month gas contracts to align its methodology with industry standards.

The last assessment day for TTF and NBP balance-of-month contracts is now two UK business days before the end of the month.

Under the existing methodology, Platts produced balance-of-month assessments for each UK business day.

TTF balance-of-month assessments are published on European Power Alert pages 0675 and 0676; Natural Gas Alert pages 0825 and 0826; in Platts Market Data, category EG; and in European Gas Daily.

NBP balance-of-month assessments are published on European Power Alert page 0611; Natural Gas Alert page 0808; in Platts Market Data, category EG; and in European Gas Daily.

TTF balance-of-month assessment is published in Eur/MWh with the following currency and unit conversions: pence/therm, $/MMBtu and Eur/Gj.

NBP balance-of-month assessment is published in pence/therm with the following currency and unit conversions: Eur/MWh, $/MMBtu and Eur/Gj.

A list of the relevant codes follows below:

Eur/MWh p/th $/MMBtu Eur/Gj TTF Balance month GTFAA00 GTFAB00 GTFAD00 GTFAC00 NBP Balance month AALJM00 NGAAC00 GNCWB00 GNCUB00

Platts continues to invite comments and queries to power@spglobal.com with a copy to pricemethodology@spglobal.com.