WASHINGTON, DC, October 30, 2015
Nodal Exchange, LLC has introduced 12 new power futures contracts covering 5 generation nodes in PJM and 1 generation node in ISO-NE. Nodal Exchange is the first exchange to offer cleared power futures contracts for these locations. The new generation node locations are:
- PJM Lakewood18 KVOCEAN C1
- PJM Lakewood18 KVOCEAN C2
- PJM Lakewood230 KVNUG LK
- PJM Rockspri18 KVCT3
- PJM Rockspri18 KVCT4
- ISO-NE UN.NEW_ENER18.0NEWE
These generation node locations are available in monthly term contracts for both peak and off-peak hours within the month and settle to Day Ahead LMP for 14 months forward.
“These are the first new contracts we have introduced since our transition to Nodal Clear as the clearing house for Nodal Exchange, and we look forward to continuing to be responsive to the specific needs of the market”, said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange.
About Nodal Exchange, LLC
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American energy markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers a Henry Hub natural gas contract providing cross-margining benefits with participant’s power portfolios. All Nodal Exchange contracts are cleared by Nodal Clear. Nodal Exchange is a designated contract market regulated by the CFTC. Nodal Exchange is an independent, privately held company.
Press Contact:
Nicole Ricard
703-962-9816
ricard@nodalexchange.com
nodalexchange.com
