U.S.-regulated, direct-access derivatives for the nation's largest power grid operator are now trading

CHICAGO, April 6, 2026 /PRNewswire/ -- ElectronX, the energy exchange built to enable precision risk management in electricity markets, today announced it has launched hourly bounded futures and binary options designed to manage short-term volatility in the PJM Interconnection LLC (PJM) market.

Contracts are available in 1 MWh sizes on ElectronX's direct-access platform, enabling new financial hedging strategies for a region experiencing dramatic increases in power prices amid demand pressure from data center and physical infrastructure development. The largest grid operator in the U.S., PJM serves 67 million customers across 13 states and the District of Columbia, representing more than 180,000 MW of generation supply.

"Last month, the 2025 State of the Market Report for PJM reported that the cost of wholesale power in the region increased 48.9 percent from 2024 to 2025, with the total cost of capacity increasing an incredible 262.3 percent," said Sam Tegel, CEO of ElectronX. "The PJM capacity auction results signal exactly the structural grid stress that makes intraday power prices more volatile and less predictable, necessitating the introduction of new short-term hedging products to the market. Our PJM contract suite will provide immediate solutions for power market participants to better manage this financial risk and facilitate precise intraday price discovery on a granular basis. With improved financial management tools and associated asset optimization, renewable and distributed energy developers in PJM can better meet the power generation needs ultimately required to lower electricity costs across the region."

ElectronX exchange participants representing diverse energy trading needs include:

• ENGIE: "As a leading energy integrator focused on delivering efficient, reliable, and cost‑effective energy solutions, ENGIE values asset‑management tools that help optimize performance at scale," said Ben Vallieres, Head of Trading at ENGIE Energy Marketing North America. "We are pleased to support new price‑discovery tools like the hub‑specific hourly contracts at ElectronX, where natural hedgers like us can execute trades tailored to their granular needs."
  
  
• Gunvor Group: "As one of the world's largest independent commodities trading houses by turnover, Gunvor Group employs sophisticated trading practices in support of its physical, structured transactions," said Doug Gilbert-Smith, Head of U.S. Power at Gunvor Group. "The targeted hourly derivatives at ElectronX are an important addition to our risk management strategy as we grow our U.S. trading desk and global portfolio."
  
  
• Soma Energy: "Soma Energy's Platform synchronizes power trading, BESS dispatch, and load optimization to improve operational and financial efficiency for power providers, data centers, and battery operators," said Ath Caramanolis, CEO of Soma Energy. "Incorporating ElectronX to our trading stack streamlines our ability to ensure that clients benefit from the most granular opportunities for price hedging, helping to maximize output of physical assets when the grid needs it most."

ElectronX's PJM suite features 21 available instruments across each of the four PJM wholesale hubs (AEP-Dayton, Eastern, N. Illinois, and Western); two PJM wholesale interfaces (MISO and South); and one PJM wholesale zone (Dominion). The PJM products are the second contract suite to be offered by ElectronX, following its Electric Reliability Council of Texas (ERCOT) suite that launched in full in February.

Regulated by the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), ElectronX has nearly 50 early exchange members, including large energy generation asset owners, utilities, trading firms, and power sector innovators.

In the coming months, ElectronX plans to list intraday contract suites for Midcontinent Independent System Operator (MISO), California Independent System Operator (CAISO), and other regional transmission organizations (RTOs) and independent system operators (ISOs) to achieve broad coverage of the U.S. grid.

About ElectronX
ElectronX (EXI), the first U.S.-regulated, direct-access power derivatives market, is the energy exchange created to address volatile short-term price exposure to electricity. Based in Chicago, ElectronX is helping to expand the nation's power grid by building the financial infrastructure and risk management tools necessary to support increased investment in energy generation, renewable resources, and battery storage technology. For more information, please visit electronx.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-exchange-electronx-launches-intraday-power-contracts-for-the-pjm-interconnection-market-302734271.html

SOURCE ElectronX