Nodal Exchange achieved strong performance in power, environmental, and natural gas trading in the first quarter of 2023. In power, Nodal posted its second highest quarter ever in Q1 2023 with 833 million MWh power futures volume traded, just shy of Q1 2022’s record 850 million MWh. In the first quarter of 2023, Nodal saw three of its five highest volume months ever in power futures trading, including a record January. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.213 billion MWh, representing over $106.6 billion of notional value (both sides), at the end of March. This is roughly equivalent to the electricity usage of 114 million U.S. households for one year.

In the environmental markets, first quarter volume across the product suite was 67,711 lots, up 5% from 64,230 a year earlier. Open interest at the end of Q1 2023 was 226,306 lots, up 19% from 190,548 at the end of Q1 2022. Nodal posted a total open interest record during the quarter of 239,303 lots on February 23rd.

Thank you to our entire trading and clearing community for your continued trust and support over the last 14 years.

Nodal Exchange, along with the EEX Group team, participated in the Heart Race 2023 which is a 4-day, 4-night race between Paris and Bourg Saint Maurice -Les Arcs that raises awareness and funds for organ donation. The participants weathered storm and snow to complete this race and achieved a sum total of 750 km or 466 miles in distance. To put things into perspective, the distance covered is 2.5 times the height of the Eiffel Tower. We congratulate the participants and are very proud of their strength and commitment to the cause.