Nodal Exchange offers first real-time LMP contracts

The contracts settle at four locations: PJM Western Hub, PJM AEP-Dayton Hub, PJM Northern Illinois Hub, and MISO Cinergy Hub. Contracts for both peak and off-peak time periods are available at each location.

Trading can begin today, January 7th, 2010, for the June 2010 through January 2014 expiries. The contracts are being offered in the daily auctions alongside contracts for the 72 key hubs and zones that settle against day-ahead LMP.

In addition, these new real-time contracts are also availabl