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Nymex introduces trading in western electricity futures

The New York Mercantile Exchange (Nymex) is to introduce trading in four western electricity futures contracts, based on Dow Jones Electricity Indexes, on its ClearPort electronic platform beginning with the June 4 trading session, which starts at 3:15 PM, June 3.

This is the first time that Dow Jones Electricity Indexes have been licensed for use by an exchange, Nymex said. The contracts will be based on the average peak day prices for the electricity market hubs at Palo Verde in Arizona, North Path 15 and South Path 15 in California, and the non–federal dams along the mid–Columbia River in Washington state. They will be available for competitive

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