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• Describes a physical natural gas purchase for the following month where the price is tied to the closing price of the expiring Nymex futures contract.

  FERC - Cite This Source - This Definition
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  Cite Definition for Physical basis

  American Psychological Association (APA)

  Physical basis. (n.d.). Guide to Market Oversight Glossary. Retrieved March 20, 2023, from website: http://www.expertglossary.com/definition/physical-basis.

  Chicago Manual of Style (CMS)

  Physical basis. www.ferc.gov. Guide to Market Oversight Glossary. FERC. http://www.expertglossary.com/definition/physical-basis (accessed: March 20, 2023).

  Modern Language Association (MLA)

  "Physical basis." Guide to Market Oversight Glossary. FERC. 20 March. 2023 http://www.expertglossary.com/definition/physical-basis.

• Browse Related Terms: 12-month strip, Arbitrage, Delivery Point(s), Financial transmission right, Forward price curve, Futures market, Henry Hub, Locational marginal price, long, Mark-to-market, Physical basis, Reference price, Short position, Spark spread, Uplift, West Texas Intermediate (WTI)