Nodal Newsletter | March 2024
Nodal Highlights
NODAL POWER HIGHLIGHTS
- Nodal set a calendar month trading record in power futures with traded volume of 379.1 million MWh, up 30% from February 2022 making it Nodal’s highest volume month ever.
- Open interest at the end of February for power futures was 1.35 billion MWh.
NODAL ENVIRONMENTAL HIGHLIGHTS
- Nodal set a calendar month record in environmental futures and options trading with volume of 50,085 lots, up 133% from February 2022.
- Open Interest in environmental markets reached a record high of 311,650 lots, up 37% from February 2022.
Nodal Exchange achieves February trading records as power market grows 30% and environmental market grows 133%
Nodal Exchange today announced it achieved a calendar month trading record for February 2024 with 379.1 million MWh of traded power futures volume in the month, up 30% from the prior year. This represents Nodal Exchange’s highest volume month ever, surpassing Nodal’s prior monthly record volume of 325.2 million MWh of traded power futures volume in February 2022. Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.35 billion MWh at the end of February.
Nodal also posted a calendar month trading record for February in its environmental markets with 50,085 lots traded, up 133% from 21,538 lots a year earlier. Environmental open interest at the end of February was 311,650 lots, up 37% from 228,188 a year earlier.
Upcoming Events
March 19-21, 2024
NORTH AMERICAN CARBON WORLD (NACW) 2024 CONFERENCE: Nodal Exchange will be sponsoring the North American Carbon World (NACW) 2024 conference taking place Tuesday, March 19 to Thursday, March 21 in San Francisco, California. For more information visit:
North American Carbon World Conference
April 15-17, 2024
S&P GLOBAL COMMODITY INSIGHTS GLOBAL POWER MARKETS CONFERENCE: Nodal Exchange will be sponsoring S&P Global Commodity Insights Global Power Markets conference taking place Monday, April 15 to Wednesday, April 17 in Las Vegas, Nevada. Paul Cusenza, Chairman and CEO of Nodal will be participating as a speaker at the CEO Roundtable: Powering a Sustainable Future on Day 2 of the conference. For more information visit:
Global Power Markets Conference
April 23-25, 2024
NAEMA 2024 SPRING CONFERENCE: Nodal Exchange will be sponsoring NAEMA 2024 Spring conference taking place Tuesday, April 23 to Thursday, April 25 in Rancho Mirage, California. For more information visit:
NAEMA 2024 Spring Conference
May 6-8, 2024
PJM ANNUAL MEETING OF MEMBERS: Nodal Exchange will be sponsoring the PJM Annual Meeting of Members taking place Monday, May 6 to Wednesday, May 8 in Baltimore, Maryland. For more information visit:
PJM Annual Meeting of Members
Nodal in the news
February 2024
Nodal sets new daily record in power trading
Learn more
January 2024
Nodal achieves record trading volumes in 2023
Learn more
December 2023
Nodal offers solar peak power futures contracts
Learn more
About Nodal
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world's largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, 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 natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
