Nodal Exchange reported record trading volumes in its power, environmental, and natural gas markets through October 2024. Power futures reached 2.6 billion MWh year-to-date, a 10% increase from the same period in 2023, with October’s volume alone up 23% at 299 million MWh. Nodal maintains its lead in North American power futures with 1.416 billion MWh in open interest, worth over $124 billion.
Environmental product trading set a new monthly high of 154,119 lots in October, a 621% jump from last year, bringing total open interest to 458,985 lots, up 67% year-over-year. Carbon futures/options reached 55,518 lots in October, with open interest at 101,307 lots. Renewable energy certificates (REC) posted 71,763 lots in October, with open interest at 281,452 lots, while renewable fuels reached 26,838 lots, setting another record for the product group.
Natural gas trading also surged, with 768,447,500 MMBtus year-to-date, a 261% increase from 2023. October’s volume alone was 133,880,000 MMBtus, the exchange’s second-highest month, with open interest up 49% at 142,067,500 MMBtus.
“Nodal is pleased to achieve these new records across all its markets, thanks to strong support from our community,” said Paul Cusenza, CEO of Nodal Exchange and Nodal Clear. “We’re proud to contribute to the growth of North American power, environmental, and natural gas markets.”
