This is the latest newsletter from the YPO regarding gas pricing, forecasts and volumes purchased to date. It will be of interest to all schools that are currently on the YPO framework and those that may be interested in joining or rejoining the framework.
If you have any queries or would like more information please contact the BMDC utilities team on utilities@bradford.gov.uk
September 2025_ Gas Basket Trading & Performance
April 2025/2026 - Overview:
The annual ‘mark to market’ price for the April-25 contract as of
22nd September 2025 is 3.47p/kWh (Reported at 3.48p/kwh in the previous month). The April-25 contract is currently performing at 10% below the final price achieved for the April 2024 contract.
The table below shows the levels of month-by-month breakdown cover, together with the forecast commodity prices, based on the current market position. This position is based on our fixed versus open positions per period.
Table 1 – April 2025 Breakdown (As of: 22nd September 2025):
Please note: The non commodity element (0.4119p/kwh) is an average calculation against the entire basket. For more accuracy, please replace this with your own transportation fees via the Corona Transportation spreadsheet and use Column Z
Weighted Average Unit rate.
Basket Forecast
(Customers should remember that the above forecast prices, together with any bespoke forecasts sent by the YPO team are not the final prices used for billing. These will be impacted by daily movements in gas market prices and the Cost of Gas (CoG) process,
which is carried out, once actual monthly consumption is determined).
April 2026/2027 Overview:
The annual ‘mark to market’ price for the April-26 contract as of
22nd September 2025 is 2.98p/kwh.
The table below shows the levels of month-by-month breakdown cover, together with the forecast commodity prices, based on the current market position. This position is based on our fixed versus open positions per period.
Table 2 – April 2026 Breakdown (As of: 22nd September 2025):
The forward contract overview(s) below provides an estimated commodity forecast within our rolling 3-year hedging strategy. The basket forecast provides an annual hedged position, alongside the current weighted average price of commodity in p/kwh, with an
overall % change from the previous year.
Note: These figures are based on our fixed versus open positions as of:
22nd September 2025.
Basket Forecast
April 2027/2028 Overview:
Table 3 – April 2027 Breakdown (As of: 22nd September 2025):
Basket Forecast