Nodal Exchange announces growth in power and environmental futures in August 2025. Nodal power futures volume for August was 234.2 TWh, up 23% from July 2025. The majority of U.S. power futures open interest is on Nodal Exchange with 1.472 billion MWh and 57% market share as of the end of August 2025.

Environmental futures and options volume on Nodal Exchange in August totaled 39,792 lots. Open interest ended the month at 407,395 lots, up 4% from July 2025 and 7% from a year earlier, driven by increased open interest across the REC contracts. Nodal, in collaboration with IncubEx, offers the world’s largest exchange listed suite of environmental products.

Nodal Exchange is pleased to announce the upcoming launch of eight new Environmental futures contracts, expanding our product offering in the Renewable Energy Certificate (REC) space. The launch will include three new REC contracts: NY Renewable EDP RECs, designed to support New York’s Environmental Disclosure Program by allowing energy providers to demonstrate renewable sourcing to consumers; Virginia In-State RECs (V25–30), which can be used for compliance with Virginia’s Renewable Portfolio Standard; and PJM Emission Free Energy Certificates (EFECs).

EFECs represent power from emission-free sources, including nuclear and large hydro, which are not traditionally classified as renewable, providing market participants with an important tool to improve the emissions profile of their electricity mix. These new contracts are scheduled to launch on September 22, 2025.

Nodal Exchange announced the launch of the Nodal Access^SM trading platform, 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.

“The launch of Nodal Access marks a significant milestone in our commitment to providing innovative and customer-centric solutions for traders,” said Paul Cusenza, CEO of Nodal Exchange. “By delivering a flexible and secure platform, we are empowering our users to trade with confidence and manage their portfolios effectively.”

Since the launch of Nodal Access, we have observed a consistent and regular flow of orders, with a number of these orders resulting in successfully executed trades.

Nodal Exchange participants using the Nodal Access trading platform are able to execute trades on the wide range of products listed on Nodal.

Products include:

• Power: Futures contracts for on-peak and off-peak power at commercially significant locations in the ISO-NE, NYISO, PJM, MISO, ERCOT, SPP and CAISO markets as well as Mid-C.
• Natural Gas: Cash settled futures contracts for Henry Hub.
• Environmental: Futures contracts on Renewable Energy Certificates; Carbon Emission Credits Allowances, & Offsets; Renewable Fuel Credits; and SO2/NOx Emission Allowances developed in collaboration with IncubEx.

Nodal Exchange is a leader in innovation, having introduced the largest set of electric power locational (nodal) futures and options contracts and the largest set of environmental futures and options contracts in the world. Nodal Exchange is the market leader in North American power futures achieving 57% share of open interest as of the end of May 2025.

Trading firms interested in utilizing the Nodal Access trading platform can contact screensupport@nodalexchange.com.