National balancing point (NBP)Location of wholesale natural gas trading in the United Kingdom; a key reference point for spot and forward market natural gas transactions in Europe.
Native loadWholesale and retail customers that the electric transmission provider is obligated to serve.
Natural gasA hydrocarbon gas obtained from underground sources, often in association with petroleum and coal deposits.
New York Mercantile Exchange (Nymex)The centralized exchange where CFTC–sanctioned natural gas and electricity futures are traded in the United States.
Nitrogen oxide (NOx)NOx is a key pollutant in the formation of acid rain and ground-level ozone (smog).
North American Electric Reliability Council (NERC)A council formed in 1968 by the electric utility industry to promote the reliability and adequacy of bulk power supply in the electric utility systems of…
NOx Budget Trading Program (NBP)An ozone season cap-and-trade program intended to help states meet their NOx state implementation plan (SIP) required reductions.
NOx State Implementation Plan (SIP)Building upon analyses done by the Ozone Transport Assessment Group (OTAG), this rule was finalized by the Environmental Protection Agency (EPA) in 1998.
Nymex ClearPortIt is the execution and clearing platform for transactions not listed for open-outcry on Nymex.