Nodal Exchange Reaches New Records With 63% Growth in Electricity and 244% Growth in Environmental Futures


WASHINGTON–(COMMERCIAL THREAD) – Nodal Exchange today announced new monthly and quarterly trading records on electricity and environmental futures. On the electricity level, Nodal set a calendar month record for September 2021 with 205.7 million MWh of electricity futures volume traded during the month, up 63% from the previous month. ‘last year. Nodal continues to be the market leader in electricity futures in North America, holding the majority of open interests with a record 1.094 billion MWh at the end of September.

Nodal Exchange also posted new records for quarterly and September volume and open interest across environmental markets. September 2021 environmental futures volume reached a record 35,438 lots, up 244% from 10,292 lots in September 2020. September marked the second consecutive month of record trading volume. For the third quarter of 2021, Nodal announced a futures and environmental options volume of 77,825 lots, up 172% from 28,587 lots in the third quarter of 2020. Quarterly and monthly volume highlights include :

  • Record monthly volume in RGGI in August of 10,675 lots

  • Record monthly volume in Texas CRS Wind and Solar REC contracts in September of 10,733, up 329% from the previous year. Quarterly volume was 24,584, up 296% from the previous year

  • Record number of monthly transactions totaling 308 in September, up 732% from 37 transactions in September 2020, and a record number of transactions for the quarter to 704, up 611% from 99 in the second quarter of 2021

Environmental open interest for the quarter hit a new record exceeding 155,000 lots in September in the continuation of its environmental markets and ended the third quarter at 154,823 lots, up 83% from the end of the third Quarter 2020. Highlights of open interest at the end of Q3 2021 by product group include:

  • Over 85,000 lots of REC contracts based on PJM

  • Over 25,000 lots in CRS Texas wind and solar RECs

  • Over 20,000 lots in NEPOOL-based CERs

Nodal, along with collaborator IncubEx, launched ten new REC futures and options on September 8, 2021. The first NAR Registered CRS Listed Wind futures contracts debuted on day one, another first trade on Nodal.

“Nodal Exchange is proud to have achieved these new records in the energy and environment markets and appreciates the continued support of its community,” said Paul Cusenza, President and CEO of Nodal Exchange and Nodal Clear.

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 electrical energy localization (nodal) futures and the world’s largest set of environmental contracts. As a member of EEX Group, a group of companies serving the international commodities markets, Nodal Exchange currently offers more than 1,000 contracts in hundreds of unique locations, providing the most effective core risk management available for market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear, a derivatives clearing organization registered with the CFTC. Nodal Exchange is a designated contracts market regulated by the CFTC.


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