Nodal Exchange announces the launch of 46 new power daily futures contracts. The new power contracts allow participants to manage positions inside the current month directly on Nodal and are the first daily futures contracts to be offered by Nodal Exchange.

These new power daily contracts, offered alongside Nodal’s existing monthly contracts, are available today for both block and electronic trading.

This announcement follows the launch late last year of Nodal Exchange’s new web-based, electronic trading platform, Nodal Access^SM. The platform provides users with a secure and flexible system to execute screen-based trades across all of Nodal Exchange’s asset classes.

“The launch of these new power daily contracts, as well as the Nodal Access trading platform, represent significant progress toward our ongoing goal of providing superior basis risk management solutions for our power traders.” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. “We look forward to continuing to develop and offer innovative products that meet the evolving needs of the markets we serve.”

Nodal’s new daily power futures contracts extend its offering of the largest set of electric power futures and options contracts in the world. Nodal Exchange is the market leader in North American power futures having the majority share of the open interest with 1.5 billion MWh as of end of 2025. Nodal achieved a record 3.1 billion MWh power futures volume traded in 2025.

The full list of new daily power contracts includes:

• ISONE .H.INTERNAL_HUB Daily Day Ahead On-Peak Power
• ISONE .H.INTERNAL_HUB Daily Day Ahead Off-Peak Power
• MISO INDIANA.HUB Daily Day Ahead On-Peak Power
• MISO INDIANA.HUB Daily Day Ahead Off-Peak Power
• NYISO HUD VL Daily Day Ahead On-Peak Power
• NYISO HUD VL Daily Day Ahead Off-Peak Power
• NYISO N.Y.C. Daily Day Ahead On-Peak Power
• NYISO WEST Daily Day Ahead On-Peak Power
• NYISO WEST Daily Day Ahead Off-Peak Power
• PJM AEP-DAYTON HUB Daily Day Ahead On-Peak Power
• PJM AEP-DAYTON HUB Daily Day Ahead Off-Peak Power
• PJM N ILLINOIS HUB Daily Day Ahead On-Peak Power
• PJM N ILLINOIS HUB Daily Day Ahead Off-Peak Power
• PJM PECO Daily Day Ahead On-Peak Power
• PJM PECO Daily Day Ahead Off-Peak Power
• PJM PPL Daily Day Ahead On-Peak Power
• PJM PPL Daily Day Ahead Off-Peak Power
• PJM PSEG Daily Day Ahead On-Peak Power
• PJM PSEG Daily Day Ahead Off-Peak Power
• PJM WESTERN HUB Daily Day Ahead On-Peak Power
• PJM WESTERN HUB Daily Day Ahead Off-Peak Power
• MISO INDIANA.HUB Daily Real Time On-Peak Power
• MISO INDIANA.HUB Daily Real Time Off-Peak Power
• PJM AEP-DAYTON HUB Daily Real Time On-Peak Power
• PJM AEP-DAYTON HUB Daily Real Time Off-Peak Power
• PJM N ILLINOIS HUB Daily Real Time On-Peak Power
• PJM N ILLINOIS HUB Daily Real Time Off-Peak Power
• PJM WESTERN HUB Daily Real Time On-Peak Power
• PJM WESTERN HUB Daily Real Time Off-Peak Power
• ERCOT HB_HOUSTON Daily Real Time On-Peak Power
• ERCOT HB_NORTH Daily Real Time On-Peak Power
• ERCOT HB_NORTH Daily Real Time Off-Peak Power
• ERCOT HB_SOUTH Daily Real Time On-Peak Power
• ERCOT HB_WEST Daily Real Time On-Peak Power
• CAISO TH_NP15_GEN-APND Daily Day Ahead On-Peak Power
• CAISO TH_NP15_GEN-APND Daily Day Ahead Off-Peak Power
• CAISO TH_SP15_GEN-APND Daily Day Ahead On-Peak Power
• CAISO TH_SP15_GEN-APND Daily Day Ahead Off-Peak Power
• ERCOT HB_NORTH Daily Day Ahead On-Peak Power
• ERCOT HB_NORTH Daily Day Ahead Off-Peak Power
• SPP SPPNORTH_HUB Daily Day Ahead On-Peak Power
• SPP SPPSOUTH_HUB Daily Day Ahead On-Peak Power
• SPP SPPSOUTH_HUB Daily Real Time On-Peak Power
• SPP SPPSOUTH_HUB Daily Day Ahead Off-Peak Power
• NWPP MID-COLUMBIA Daily Day Ahead On-Peak Power
• NWPP MID-COLUMBIA Daily Day Ahead Off-Peak Power

The Nodal Access trading platform is a web-based, customizable solution designed for trading power, natural gas, and environmental contracts. The platform provides users with a secure and flexible system to execute screen-based trades across all of Nodal Exchange’s asset classes, accessible from any browser.

Nodal Access includes front-end features such as highly customizable workspaces, real-time order data, and the availability of many tailor-made power trading contracts. The platform offers rapid implementation of new functionality and integrates seamlessly with existing trade capture solutions for straight-through processing.

Since its launch, Nodal Access has consistently attracted a growing number of participants. Trading firms interested in utilizing the Nodal Access trading platform can contact Screen Support.

Nodal Exchange announced strong performance in power and environmental markets in January of 2026. Nodal continues to be the North American power market leader ending January at 1.5 billion MWh of futures open interest and a 56% market share, representing over $188 billion of notional value (both sides), at the end of January. This is roughly equivalent to the electricity usage of 140 million U.S. households for one year.

Nodal posted a calendar month trading record for January in its environmental markets with 50,170 lots traded, up 4% from 48,460 lots a year earlier. Environmental open interest at the end of January was 400,743 lots, up 2% from 392,258 a year earlier.

Nodal is pleased to share that environmental futures and options on Nodal Exchange posted a new record for daily volume on February 10th of 31,754 lots, surpassing the prior record of 27,952 contracts on February 11, 2025.

Nodal saw robust trading in New Jersey Solar RECs, New Jersey Tier 2 RECs and PJM Tri-qualified RECs, among others, coinciding with the annual New Jersey Basic Generation Service Auction.

To learn more about environmental futures and options on Nodal Exchange, visit Nodal today.