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Nodal Exchange US Power Futures Share Reaches 55% In August

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Nodal Exchange reported higher trading activity across power, natural gas, and environmental markets in August, with power futures volume rising 8% from July to 214.2 megawatt-hours.

Nodal said US power futures open interest reached 1.451 billion MWh at August-end, giving the exchange a 55% share of the US power futures market.

The exchange launched 168 hourly power futures contracts across 7 locations on Aug. 31, offering 24 hourly contracts per location with expiries covering the next 5 days.

Natural gas futures volume reached 51.2 million MMBtu in August, up 61% from 31.8 million MMBtu a year earlier, while open interest rose by 147%.

Environmental futures and options recorded 35,150 lots in August, while open interest ended at 454,313 lots, up 12% from a year earlier, Nodal said.

Carbon futures and options posted 12,792 lots of volume and 70,505 lots of open interest, while renewable energy certificates recorded 20,739 lots and 365,799 lots, respectively.

Nodal and IncubEx launched financially settled futures and options tied to daily price assessments from Oil Price Information Service on Aug. 17.

The products include Washington Carbon Allowance versus California Carbon Allowance spread futures, as well as California Low Carbon Fuel Standard credit futures and options.

"Managing risk in all of our markets is increasingly important, and we will continue to seek to best meet the evolving needs of the participants we serve," said Paul Cusenza, Chairman and CEO of Nodal Exchange.

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