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Nodal Newsletter | November 2020

Nodal Highlights

NODAL EXCHANGE AND NODAL CLEAR SHORTLISTED FOR TWO FOW AWARDS

Nodal Exchange and Nodal Clear have been shortlisted for the 2020 FOW Exchange of the Year and Clearinghouse of the Year awards. > Read full article.

NODAL ACHIEVES RECORD MARKET SHARE OF POWER FUTURES

Nodal achieved record 51% market share of power futures open interest at the end of October; up from 44% a year ago.

NODAL ACHIEVES 42% MARKET SHARE OF MISO POWER

Nodal achieved 42% market share of MISO power futures volume in October; up from 33% a year ago.

NODAL ACHIEVES RECORD OPEN INTEREST IN ENVIRONMENTAL

Nodal achieved record environmental open interest with 86,994 futures contracts at the end of October.

NODAL TO LAUNCH NEW ENVIRONMENTAL CONTRACTS

Pending regulatory review, Nodal will list the first-ever physically delivered futures contracts on D3, D4, D5 and D6 RIN markets as well as seven new renewable contracts on November 17, 2020.

Nodal and IncubEx to expand environmental markets with seven new renewable contracts

Nodal Exchange and IncubEx today announced the upcoming launch of seven new Renewable Energy Certificate (REC) futures and options on November 17, 2020.

Pending regulatory review, Nodal will list physically-delivered futures contracts on:

  • M-RETS®Renewable Energy Certificates from Center for Resource Solutions (CRS) Listed Wind Energy Facilities (front-half and back-half)
  • Texas Compliance Solar Renewable Energy Certificates from CRS Listed Facilities (front-half and back-half) and
  • New York Renewable Energy Certificates Tier 1

Nodal also will add option contracts on Texas Compliance Renewable Energy Certificates from CRS Listed Facilities (front-half and back-half), complementing the corresponding futures contracts listed in December 2019. Since launch, more than 14,000 Texas CRS Listed Wind futures contracts have traded, representing 14 million MWh of wind energy (enough power to serve about 1.3 million homes for a year).

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Nodal and IncubEx to launch first-ever physically delivered RIN futures

Nodal Exchange and IncubEx announced today the upcoming launch of eight new Renewable Identification Number (RIN) futures and options contracts.

Pending regulatory review, Nodal will list the first-ever physically delivered futures contracts on D3, D4, D5 and D6 RIN markets on November 17, 2020. Complementary RIN options contracts will also be listed that day on the four futures contracts. The new contracts mark the latest expansion of the renewable fuels products group on Nodal, which offers the largest suite of listed environmental contracts in the world.

“The RIN market is the largest renewable fuels credit market and has proven effective in its goal to lower carbon emissions across the transportation sector,” said Nathan Clark, Managing Director at IncubEx. “These new products offer RIN participants a cost-efficient way to hedge price risk in the market.”

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Nodal in the news

September 2020

Nodal to expand environmental derivatives

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September 2020

Nodal achieves new records in environmental futures

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July 2020

Nodal sets records in power, gas and environmentals

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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.