Nodal Exchange announced new trading records in power, natural gas, and environmental markets. Nodal Exchange achieved a record day of power trading on Tuesday, February 6th with 76.7 million MWh traded in one day which is equivalent to the electricity that over 7.3 million homes would consume in a year in the USA. This surpasses the previous record trading day of 56.2 million MWh on February 9th, 2021. Nodal also almost surpassed last January’s record calendar month traded volume of 270.8 million MWh with 268.2 million MWh. Nodal continues to be the North American power market leader ending January at 1,286 million MWh of futures open interest, a 55% market share.

In Nodal’s natural gas markets, futures trading set a calendar month record in January with 98.5 million MMBtu up from 18 million MMBtu in January 2023, which is up 4.5x year-over-year.

Nodal Exchange now offers 23 new solar peak futures contracts. The new products, created in response to customer feedback, enable more precise risk management as solar generation plays an increasingly significant role in the evolving energy landscape.

The full list of contracts, where HE stands for Hour Ending, rtp stands for real time power and dap stands for day ahead power, includes:

PJM

• PJM.WESTERN HUB_month_7x HE 10-17_rtp
• PJM.WESTERN HUB_month_7x HE 10-17_dap
• PJM.WESTERN HUB_month_7x16_rtp
• PJM.WESTERN HUB_month_7x16_dap

ERCOT

• ERCOT.HB_NORTH_month_7x HE 10-17_rtp
• ERCOT.HB_HOUSTON_month_7x HE 10-17_rtp
• ERCOT.HB_WEST_month_7x HE 10-17_rtp
• ERCOT.HB_SOUTH_month_7x HE 10-17_rtp
• ERCOT.HB_NORTH_month_5x HE 18-22_rtp
• ERCOT.HB_HOUSTON_month_5x HE 18-22_rtp
• ERCOT.HB_WEST_month_5x HE 18-22_rtp
• ERCOT.HB_SOUTH_month_5x HE 18-22_rtp
• ERCOT.HB_NORTH_month_5x HE 07-11_rtp
• ERCOT.HB_NORTH_month_7x16_rtp
• ERCOT.HB_HOUSTON_month_7x16_rtp
• ERCOT.HB_WEST_month_7x16_rtp
• ERCOT.HB_SOUTH_month_7x16_rtp

CAISO

• CAISO.TH_NP15_GEN-APND_month_6x HE 07-08 & 17-22_dap
• CAISO.TH_SP15_GEN-APND_month_6x HE 07-08 & 17 22_dap
• CAISO.TH_NP15_GEN-APND_month_7x HE 09-16_dap
• CAISO.TH_SP15_GEN-APND_month_7x HE 09-16_dap
• CAISO.TH_NP15_GEN-APND_month_6x HE 09-16_dap
• CAISO.TH_SP15_GEN-APND_month_6x HE 09-16_dap

“Nodal Exchange is pleased to be able to respond to our participants’ needs by adding these new solar peak contracts aiding in the energy transition to more renewable energy”, said Paul Cusenza, Chairman and Chief Executive Officer of Nodal Exchange. “We look forward to continuing to expand our product offerings to best meet the hedging needs of the U.S. energy markets.”