in News Departments > FYI
print the content item

U.S. Futures Exchange (USFE) will begin listing Wind Power futures - its first renewable energy contracts - on Aug. 24. Seven contracts derived from NORDIX Financial Wind Indexes will trade with monthly expiries, and the futures will be valued at $500 per index point, with a tick size of $5.

NORDIX Financial Wind Indexes, created by Weather Bid LLC, are composed of deviations from 20-year historical wind speed averages compared with present daily figures. USFE’s futures contracts are based on two wind regions in New York and five wind regions in Texas, as defined by the National Oceanic and Atmospheric Administration's (NOAA) National Center for Environmental Prediction division.

USFE also says it plans to develop a suite of futures contracts to include hydro, solar, geothermal and biomass energy resources.


Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Canwea_id1984
Renewable NRG_id1934