ElectronX has expanded its power derivatives market with the launch of hourly futures contracts linked to three additional US electricity grid systems.
ElectronX has launched hourly futures contracts for the Southwest Power Pool (SPP), New York Independent System Operator (NYISO) and ISO New England (ISO-NE), extending its coverage across all deregulated wholesale power markets in the United States. The addition of SPP, NYISO and ISO-NE means the exchange now offers intraday power hedging products The contracts provide market participants with additional tools to manage short-term electricity price risk across the three grid systems.