Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MID-C DAY-AHEAD PEAK - ICE FUTURES ENERGY DIV (Contracts of about 400 MWh) : CFTC Code #064391 Open Interest is 42,842 : : Positions : : 29,546 34,062 4,970 1,692 2,725 1,212 2,963 389 3,335 279 569 : : : : Changes from: November 18, 2025 : : 237 542 684 121 -679 -162 181 -18 85 64 -19 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.0 79.5 11.6 3.9 6.4 2.8 6.9 0.9 7.8 0.7 1.3 : : : : Number of Traders in Each Category Total Traders: 53 : : 23 23 . . 4 . 7 4 4 5 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MID-C DAY-AHEAD OFF-PEAK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #064392 Open Interest is 27,510 : : Positions : : 19,391 22,905 4,489 742 2,148 250 836 20 690 259 445 : : : : Changes from: November 18, 2025 : : 355 -412 -830 -63 70 30 -129 15 0 154 -90 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.5 83.3 16.3 2.7 7.8 0.9 3.0 0.1 2.5 0.9 1.6 : : : : Number of Traders in Each Category Total Traders: 39 : : 20 22 . . . . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM WESTERN HUB RT OFF - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #064394 Open Interest is 264,678 : : Positions : : 114,458 148,401 5,715 67,434 10,624 62,867 2,862 14,117 42,267 7,299 13,077 : : : : Changes from: November 18, 2025 : : -423 -2,676 2,277 -350 -1,703 -1,899 -505 664 -1,775 2,043 242 : : : : Percent of Open Interest Represented by Each Category of Trader : : 43.2 56.1 2.2 25.5 4.0 23.8 1.1 5.3 16.0 2.8 4.9 : : : : Number of Traders in Each Category Total Traders: 84 : : 36 30 . 6 6 20 6 12 7 6 10 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- SP15 FIN DA PEAK FIXED - ICE FUTURES ENERGY DIV (Contracts of about 400 MWh) : CFTC Code #064395 Open Interest is 93,587 : : Positions : : 67,051 52,932 10,729 20,608 2,295 3,195 5,903 5,677 1,605 3,492 2,601 : : : : Changes from: November 18, 2025 : : 1,064 919 -136 357 -104 -217 520 281 881 -213 -39 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.6 56.6 11.5 22.0 2.5 3.4 6.3 6.1 1.7 3.7 2.8 : : : : Number of Traders in Each Category Total Traders: 63 : : 26 24 5 4 7 4 9 7 5 6 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CAISO SP-15 DA OFF-PK FIXED - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #064396 Open Interest is 76,922 : : Positions : : 50,070 37,038 9,131 13,997 5,154 864 11,482 4,158 3,291 898 4,143 : : : : Changes from: November 18, 2025 : : 297 -162 -290 -500 680 95 253 -192 -501 0 210 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.1 48.2 11.9 18.2 6.7 1.1 14.9 5.4 4.3 1.2 5.4 : : : : Number of Traders in Each Category Total Traders: 50 : : 21 24 6 . 6 . 4 5 5 4 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM AEP DAYTON RT OFF-PK FIXED - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439A Open Interest is 58,400 : : Positions : : 30,256 32,729 1,347 11,372 3,279 2,427 1,037 6,438 13,533 2,419 905 : : : : Changes from: November 18, 2025 : : -484 732 -169 -118 169 0 274 -181 619 -933 -73 : : : : Percent of Open Interest Represented by Each Category of Trader : : 51.8 56.0 2.3 19.5 5.6 4.2 1.8 11.0 23.2 4.1 1.5 : : : : Number of Traders in Each Category Total Traders: 41 : : 20 22 . 5 7 . . 4 . 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM AEP DAYTON RT PEAK FIXED - ICE FUTURES ENERGY DIV (Contracts of 800 MWh) : CFTC Code #06439B Open Interest is 65,130 : : Positions : : 35,672 32,119 3,264 6,081 5,132 2,376 14,274 2,652 13,859 2,954 1,761 : : : : Changes from: November 18, 2025 : : -395 -272 -17 525 -325 -162 -111 183 511 -213 -128 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.8 49.3 5.0 9.3 7.9 3.6 21.9 4.1 21.3 4.5 2.7 : : : : Number of Traders in Each Category Total Traders: 58 : : 23 22 6 4 7 11 4 5 . 8 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM AEP DAYTON HUB DA OFF-PK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439C Open Interest is 51,117 : : Positions : : 39,396 13,487 6,242 16,859 689 920 2,871 421 1,571 15,888 666 : : : : Changes from: November 18, 2025 : : 912 510 0 -78 0 0 61 0 -756 -298 -9 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.1 26.4 12.2 33.0 1.3 1.8 5.6 0.8 3.1 31.1 1.3 : : : : Number of Traders in Each Category Total Traders: 51 : : 23 15 4 6 5 . 4 . . 6 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM AEP DAYTON DA PEAK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439F Open Interest is 60,086 : : Positions : : 47,597 19,343 7,067 18,195 602 920 3,679 355 2,260 17,023 653 : : : : Changes from: November 18, 2025 : : 1,654 620 5 -257 1 0 871 0 -435 -1 -11 : : : : Percent of Open Interest Represented by Each Category of Trader : : 79.2 32.2 11.8 30.3 1.0 1.5 6.1 0.6 3.8 28.3 1.1 : : : : Number of Traders in Each Category Total Traders: 60 : : 26 16 6 6 7 . 5 . 4 8 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO INDIANA OFF-PEAK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439K Open Interest is 15,915 : : Positions : : 12,506 13,388 1,490 292 1,075 0 265 275 50 346 200 : : : : Changes from: November 18, 2025 : : 137 70 0 0 0 0 75 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.6 84.1 9.4 1.8 6.8 0.0 1.7 1.7 0.3 2.2 1.3 : : : : Number of Traders in Each Category Total Traders: 30 : : 19 16 . . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO IN. REAL-TIME OFF-PEAK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439L Open Interest is 32,824 : : Positions : : 26,119 18,372 1,834 2,831 3,091 1,540 1,667 15 0 6,803 0 : : : : Changes from: November 18, 2025 : : 100 -35 72 -92 58 0 -50 15 0 347 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 79.6 56.0 5.6 8.6 9.4 4.7 5.1 0.0 0.0 20.7 0.0 : : : : Number of Traders in Each Category Total Traders: 31 : : 18 14 . 4 5 . . . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT HOUSTON 345KV RT PK FIX - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439N Open Interest is 41,744 : : Positions : : 25,106 31,696 5,290 4,392 2,956 2,502 0 1,200 4,110 1,140 240 : : : : Changes from: November 18, 2025 : : 285 385 0 0 0 0 0 0 100 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.1 75.9 12.7 10.5 7.1 6.0 0.0 2.9 9.8 2.7 0.6 : : : : Number of Traders in Each Category Total Traders: 33 : : 19 11 . 4 . . 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT Houston 345KV RT OFF FIX - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439Q Open Interest is 38,900 : : Positions : : 23,640 29,880 3,768 4,140 3,190 2,502 0 1,200 4,360 250 240 : : : : Changes from: November 18, 2025 : : 265 365 0 0 0 0 0 0 100 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.8 76.8 9.7 10.6 8.2 6.4 0.0 3.1 11.2 0.6 0.6 : : : : Number of Traders in Each Category Total Traders: 33 : : 19 10 4 . . . 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT NORTH 345KV RT PK FIX - ICE FUTURES ENERGY DIV (1 Mw per Peak Hour) : CFTC Code #06439R Open Interest is 293,323 : : Positions : : 105,020 181,184 19,969 42,586 22,572 78,354 8,088 15,680 38,984 11,659 11,071 : : : : Changes from: November 18, 2025 : : 974 1,102 402 -465 -1,067 -1,061 322 -17 640 154 -11 : : : : Percent of Open Interest Represented by Each Category of Trader : : 35.8 61.8 6.8 14.5 7.7 26.7 2.8 5.3 13.3 4.0 3.8 : : : : Number of Traders in Each Category Total Traders: 111 : : 37 37 . 6 6 16 14 16 16 11 15 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT SOUTH 345 KV RT PEAK FIX - ICE FUTURES ENERGY DIV (1 Mw per Peak Hour) : CFTC Code #06439S Open Interest is 31,674 : : Positions : : 24,085 15,864 4,850 10,099 1,714 0 3,350 0 450 0 505 : : : : Changes from: November 18, 2025 : : -25 10 0 0 0 0 0 0 35 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.0 50.1 15.3 31.9 5.4 0.0 10.6 0.0 1.4 0.0 1.6 : : : : Number of Traders in Each Category Total Traders: 25 : : 15 12 . 4 . 0 . 0 4 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT-SOUTH MONTHLY OFFPEAK - ICE FUTURES ENERGY DIV (1 MW per off-peak hour) : CFTC Code #06439U Open Interest is 29,964 : : Positions : : 22,043 15,544 4,850 8,379 2,046 0 3,350 0 450 0 505 : : : : Changes from: November 18, 2025 : : -25 10 0 0 0 0 0 0 35 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.6 51.9 16.2 28.0 6.8 0.0 11.2 0.0 1.5 0.0 1.7 : : : : Number of Traders in Each Category Total Traders: 25 : : 15 12 . 4 . 0 . 0 4 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT WEST 345KV RT PEAK - ICE FUTURES ENERGY DIV (1 MW per peak hour) : CFTC Code #06439V Open Interest is 32,271 : : Positions : : 18,210 25,359 9,862 0 2,217 300 3,024 400 900 946 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 56.4 78.6 30.6 0.0 6.9 0.9 9.4 1.2 2.8 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 13 11 5 0 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT WEST 345K RT OFF-PEAK - ICE FUTURES ENERGY DIV (1 MW per Off-Peak Hour) : CFTC Code #06439W Open Interest is 32,149 : : Positions : : 18,410 25,297 9,610 0 2,157 300 3,024 400 900 946 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.3 78.7 29.9 0.0 6.7 0.9 9.4 1.2 2.8 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 13 11 5 0 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT NORTH 345KV DA PK DLY FI - ICE FUTURES ENERGY DIV Megawatt Hours (MWh) : CFTC Code #0643A5 Open Interest is 14,300 : : Positions : : 1,050 3,150 1,600 0 0 9,300 8,850 0 1,450 950 900 : : : : Changes from: November 18, 2025 : : -1,100 -3,350 1,600 0 0 -1,950 2,950 -250 650 -850 -250 : : : : Percent of Open Interest Represented by Each Category of Trader : : 7.3 22.0 11.2 0.0 0.0 65.0 61.9 0.0 10.1 6.6 6.3 : : : : Number of Traders in Each Category Total Traders: 25 : : 6 7 . 0 0 . . 0 . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT - NORTH MONTHLY OFF-PEAK - ICE FUTURES ENERGY DIV 1 Mw per Off-Peak Hour : CFTC Code #0643A8 Open Interest is 119,800 : : Positions : : 64,750 90,190 23,751 7,278 6,673 16,030 6,056 1,524 4,794 6,400 1,553 : : : : Changes from: November 18, 2025 : : 129 619 553 -50 -55 600 618 -60 0 100 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.0 75.3 19.8 6.1 5.6 13.4 5.1 1.3 4.0 5.3 1.3 : : : : Number of Traders in Each Category Total Traders: 48 : : 17 23 4 . 5 . 5 4 . 8 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO IN. DAY-AHEAD PEAK - ICE FUTURES ENERGY DIV (1 MW per peak hour) : CFTC Code #0643AZ Open Interest is 16,192 : : Positions : : 13,393 13,693 1,118 193 749 0 775 50 242 488 200 : : : : Changes from: November 18, 2025 : : 322 140 -105 13 0 0 100 50 0 -48 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 82.7 84.6 6.9 1.2 4.6 0.0 4.8 0.3 1.5 3.0 1.2 : : : : Number of Traders in Each Category Total Traders: 37 : : 22 19 4 . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO INDIANA HUB RT PEAK - ICE FUTURES ENERGY DIV (Contracts of 800 MWh) : CFTC Code #0643B3 Open Interest is 36,463 : : Positions : : 28,493 19,835 2,414 1,886 2,765 1,966 2,085 0 50 9,715 0 : : : : Changes from: November 18, 2025 : : -135 -35 194 -263 172 17 -65 0 0 493 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.1 54.4 6.6 5.2 7.6 5.4 5.7 0.0 0.1 26.6 0.0 : : : : Number of Traders in Each Category Total Traders: 36 : : 19 14 5 . 5 5 . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM N. IL HUB DA OFF-PK - ICE FUTURES ENERGY DIV (1 MW per off-peak hour) : CFTC Code #0643BC Open Interest is 24,187 : : Positions : : 18,241 17,588 4,304 4,739 286 600 335 0 488 665 125 : : : : Changes from: November 18, 2025 : : 903 -35 0 272 -24 0 210 0 0 125 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.4 72.7 17.8 19.6 1.2 2.5 1.4 0.0 2.0 2.7 0.5 : : : : Number of Traders in Each Category Total Traders: 33 : : 17 11 . 5 . . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM N. IL HUB DA PEAK - ICE FUTURES ENERGY DIV (1 MW per peak hour) : CFTC Code #0643BE Open Interest is 24,584 : : Positions : : 19,039 20,106 3,831 2,429 366 600 50 0 446 1,123 150 : : : : Changes from: November 18, 2025 : : 395 217 0 172 -23 0 0 0 0 28 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.4 81.8 15.6 9.9 1.5 2.4 0.2 0.0 1.8 4.6 0.6 : : : : Number of Traders in Each Category Total Traders: 36 : : 18 15 . 6 4 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ISO NE MASS HUB DA OFF-PK FIXD - ICE FUTURES ENERGY DIV (1 MW per Hour for about 368 Hours) : CFTC Code #0643BF Open Interest is 72,382 : : Positions : : 50,837 50,861 11,038 7,619 2,104 1,480 6,612 610 2,851 1,212 3,176 : : : : Changes from: November 18, 2025 : : -805 415 1,685 -144 64 28 231 -113 -370 26 302 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.2 70.3 15.2 10.5 2.9 2.0 9.1 0.8 3.9 1.7 4.4 : : : : Number of Traders in Each Category Total Traders: 54 : : 23 20 5 5 5 . 6 4 4 4 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ISO NE MASS HUB DA PEAK - ICE FUTURES ENERGY DIV (Contracts of 800MWh) : CFTC Code #0643BG Open Interest is 95,968 : : Positions : : 68,206 67,106 11,963 7,030 3,147 2,263 13,304 1,437 6,116 1,256 2,367 : : : : Changes from: November 18, 2025 : : -11 1,828 1,909 -801 606 8 508 -228 -300 48 204 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.1 69.9 12.5 7.3 3.3 2.4 13.9 1.5 6.4 1.3 2.5 : : : : Number of Traders in Each Category Total Traders: 71 : : 24 24 5 6 8 6 10 6 7 7 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CAISO NP-15 PEAK - ICE FUTURES ENERGY DIV (Contracts of 400MWh) : CFTC Code #0643BM Open Interest is 38,715 : : Positions : : 19,228 25,217 16,098 600 962 700 7,488 838 524 3,381 209 : : : : Changes from: November 18, 2025 : : 937 1,192 330 0 0 568 -333 133 -26 940 75 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.7 65.1 41.6 1.5 2.5 1.8 19.3 2.2 1.4 8.7 0.5 : : : : Number of Traders in Each Category Total Traders: 41 : : 19 15 6 . . . 4 4 . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CAISO NP-15 DA OFF-PK FIXED - ICE FUTURES ENERGY DIV (1 MW per Hour for about 386 Hours) : CFTC Code #0643BR Open Interest is 36,796 : : Positions : : 15,761 23,119 17,296 850 1,478 125 6,811 479 546 2,916 870 : : : : Changes from: November 18, 2025 : : 458 596 398 0 0 125 395 245 75 0 -75 : : : : Percent of Open Interest Represented by Each Category of Trader : : 42.8 62.8 47.0 2.3 4.0 0.3 18.5 1.3 1.5 7.9 2.4 : : : : Number of Traders in Each Category Total Traders: 34 : : 15 13 5 . . . 4 5 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM NI HUB RT OFF-PK FIXED - ICE FUTURES ENERGY DIV (1 MW per Hour for about 386 Hours) : CFTC Code #0643BS Open Interest is 84,087 : : Positions : : 25,948 61,462 3,330 14,133 2,103 45,956 120 5,906 218 100 188 : : : : Changes from: November 18, 2025 : : -5 1,335 -29 229 -160 1,705 0 -280 -2 0 64 : : : : Percent of Open Interest Represented by Each Category of Trader : : 30.9 73.1 4.0 16.8 2.5 54.7 0.1 7.0 0.3 0.1 0.2 : : : : Number of Traders in Each Category Total Traders: 37 : : 21 17 . . 5 4 . . 4 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM N. IL HUB RT PEAK - ICE FUTURES ENERGY DIV (Contracts of 800 MWh) : CFTC Code #0643BT Open Interest is 72,277 : : Positions : : 40,011 52,184 5,348 15,680 1,551 22,904 140 1,908 175 418 164 : : : : Changes from: November 18, 2025 : : -4 -80 93 113 -78 -405 20 -53 21 -346 26 : : : : Percent of Open Interest Represented by Each Category of Trader : : 55.4 72.2 7.4 21.7 2.1 31.7 0.2 2.6 0.2 0.6 0.2 : : : : Number of Traders in Each Category Total Traders: 40 : : 20 18 5 4 6 6 . 4 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO ZONE J DA PEAK - ICE FUTURES ENERGY DIV (Contracts of 800MWh) : CFTC Code #0643BW Open Interest is 7,986 : : Positions : : 3,048 5,702 1,889 310 954 115 375 50 1,397 0 0 : : : : Changes from: November 18, 2025 : : 100 15 -186 100 41 0 0 0 195 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 38.2 71.4 23.7 3.9 11.9 1.4 4.7 0.6 17.5 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 10 8 4 . 4 . . . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO ZONE J DA OFF-PK FIXED - ICE FUTURES ENERGY DIV (1 MW for about 368 Hours) : CFTC Code #0643BX Open Interest is 6,991 : : Positions : : 2,266 5,091 1,740 579 705 210 25 50 1,326 0 0 : : : : Changes from: November 18, 2025 : : 0 3 0 177 -80 0 0 0 180 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 32.4 72.8 24.9 8.3 10.1 3.0 0.4 0.7 19.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 9 8 . . 4 . . . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO ZONE A DA PEAK - ICE FUTURES ENERGY DIV (Contracts of 800MWh) : CFTC Code #0643BY Open Interest is 33,314 : : Positions : : 25,691 23,820 1,635 3,689 1,729 2,199 1,700 181 0 818 1,188 : : : : Changes from: November 18, 2025 : : 788 -96 107 597 -282 57 75 -50 0 327 -234 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.1 71.5 4.9 11.1 5.2 6.6 5.1 0.5 0.0 2.5 3.6 : : : : Number of Traders in Each Category Total Traders: 34 : : 15 14 4 5 8 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO ZONE A DA OFF-PK FIX PR - ICE FUTURES ENERGY DIV (1MW for about 368 Hours) : CFTC Code #0643BZ Open Interest is 29,356 : : Positions : : 21,776 20,711 1,353 5,108 854 3,074 845 687 324 230 609 : : : : Changes from: November 18, 2025 : : 686 -128 -118 421 -7 0 -10 22 -315 0 161 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.2 70.6 4.6 17.4 2.9 10.5 2.9 2.3 1.1 0.8 2.1 : : : : Number of Traders in Each Category Total Traders: 33 : : 18 12 5 . 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO ZONE G DA PEAK - ICE FUTURES ENERGY DIV (Contracts of 800MWh) : CFTC Code #0643C3 Open Interest is 28,627 : : Positions : : 20,166 10,341 1,898 7,839 2,385 2,157 5,657 659 0 937 684 : : : : Changes from: November 18, 2025 : : 823 369 380 640 173 -86 192 27 0 -19 10 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.4 36.1 6.6 27.4 8.3 7.5 19.8 2.3 0.0 3.3 2.4 : : : : Number of Traders in Each Category Total Traders: 41 : : 19 18 . 7 7 4 4 . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO ZONE G DA OFF-PK - ICE FUTURES ENERGY DIV (1MW for about 368 Hours) : CFTC Code #0643C4 Open Interest is 20,779 : : Positions : : 15,877 8,923 1,054 5,701 2,027 1,016 3,182 94 185 455 231 : : : : Changes from: November 18, 2025 : : 335 531 200 1 247 -13 17 0 40 30 -14 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.4 42.9 5.1 27.4 9.8 4.9 15.3 0.5 0.9 2.2 1.1 : : : : Number of Traders in Each Category Total Traders: 38 : : 18 19 . 7 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PALO VERDE DA PEAK - ICE FUTURES ENERGY DIV (Contracts of 400MWh) : CFTC Code #0643CB Open Interest is 14,849 : : Positions : : 7,512 9,624 5,075 3,863 482 108 0 480 1,112 35 20 : : : : Changes from: November 18, 2025 : : 80 142 35 15 0 87 0 0 -45 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.6 64.8 34.2 26.0 3.2 0.7 0.0 3.2 7.5 0.2 0.1 : : : : Number of Traders in Each Category Total Traders: 33 : : 19 16 4 . . . 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PALO VERDE DA OFF-PK FiXED PR - ICE FUTURES ENERGY DIV (1 MW for about 368 Hours) : CFTC Code #0643CC Open Interest is 13,094 : : Positions : : 6,845 7,748 4,929 3,792 870 75 669 0 95 0 0 : : : : Changes from: November 18, 2025 : : 23 93 70 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.3 59.2 37.6 29.0 6.6 0.6 5.1 0.0 0.7 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 30 : : 17 15 . . 4 . . 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM PPL ZONE DA OFF-PEAK FIXED - ICE FUTURES ENERGY DIV 1 MW : CFTC Code #0643D7 Open Interest is 22,648 : : Positions : : 11,221 8,073 8,528 13,400 310 2,055 0 0 60 590 275 : : : : Changes from: November 18, 2025 : : 145 25 -120 0 120 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.5 35.6 37.7 59.2 1.4 9.1 0.0 0.0 0.3 2.6 1.2 : : : : Number of Traders in Each Category Total Traders: 25 : : 11 10 4 . . . 0 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM PPL ZONE DA PEAK - ICE FUTURES ENERGY DIV 1 MW : CFTC Code #0643D8 Open Interest is 24,378 : : Positions : : 9,992 6,943 9,382 14,110 310 3,255 50 0 60 640 275 : : : : Changes from: November 18, 2025 : : 25 25 -120 0 120 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 41.0 28.5 38.5 57.9 1.3 13.4 0.2 0.0 0.2 2.6 1.1 : : : : Number of Traders in Each Category Total Traders: 24 : : 10 8 4 . . . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM WESTERN HUB DA OFF-PK - ICE FUTURES ENERGY DIV (1 MW per off-peak hour) : CFTC Code #0643DB Open Interest is 119,894 : : Positions : : 77,239 93,374 9,446 11,990 2,977 8,570 2,440 2,766 17,621 5,413 765 : : : : Changes from: November 18, 2025 : : 13,889 17,673 2,034 93 28 300 0 233 1,450 170 35 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.4 77.9 7.9 10.0 2.5 7.1 2.0 2.3 14.7 4.5 0.6 : : : : Number of Traders in Each Category Total Traders: 68 : : 31 25 5 5 8 9 . 5 5 7 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM WESTERN HUB DA PEAK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #0643DC Open Interest is 126,330 : : Positions : : 77,085 96,056 9,448 13,315 4,147 9,180 3,249 3,213 21,630 5,070 1,125 : : : : Changes from: November 18, 2025 : : 14,063 19,263 2,141 109 22 -13 -91 614 2,916 -185 8 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.0 76.0 7.5 10.5 3.3 7.3 2.6 2.5 17.1 4.0 0.9 : : : : Number of Traders in Each Category Total Traders: 79 : : 30 26 5 6 6 7 6 5 11 5 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM WESTERN HUB RT PEAK MINI - ICE FUTURES ENERGY DIV (1 MW per peak hour) : CFTC Code #0643DF Open Interest is 793,093 : : Positions : : 274,601 305,474 1,750 96,374 75,109 74,852 9,107 106,442 69,908 10,758 188,973 : : : : Changes from: November 18, 2025 : : -2,881 -6,266 -684 -1,261 -2,514 2,813 -734 1,410 -4,393 2,821 1,699 : : : : Percent of Open Interest Represented by Each Category of Trader : : 34.6 38.5 0.2 12.2 9.5 9.4 1.1 13.4 8.8 1.4 23.8 : : : : Number of Traders in Each Category Total Traders: 135 : : 44 36 4 7 9 31 10 21 22 16 24 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM PSEG DAY-AHEAD PEAK - ICE FUTURES ENERGY DIV 1 MW : CFTC Code #0643DL Open Interest is 5,654 : : Positions : : 3,475 3,810 516 740 554 500 150 0 0 150 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.5 67.4 9.1 13.1 9.8 8.8 2.7 0.0 0.0 2.7 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 10 8 . . . . . 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM PSEG DA OFF-PK FIXED PRICE - ICE FUTURES ENERGY DIV 1 MW : CFTC Code #0643DM Open Interest is 5,556 : : Positions : : 3,475 3,692 492 740 574 500 150 0 0 150 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 62.5 66.5 8.9 13.3 10.3 9.0 2.7 0.0 0.0 2.7 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 10 8 . . . . . 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO ARKANSAS DA PEAK FIXED - ICE FUTURES ENERGY DIV 1 MW : CFTC Code #0643F9 Open Interest is 7,827 : : Positions : : 7,416 4,027 50 3,155 0 0 65 245 0 270 50 : : : : Changes from: November 18, 2025 : : 370 385 0 35 0 0 -70 70 0 20 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 94.7 51.5 0.6 40.3 0.0 0.0 0.8 3.1 0.0 3.4 0.6 : : : : Number of Traders in Each Category Total Traders: 20 : : 12 9 . . 0 0 . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CAISO SP-15 PEAK 0900-1600 HE - ICE FUTURES ENERGY DIV 368 MWh : CFTC Code #0643HS Open Interest is 14,135 : : Positions : : 4,790 12,652 5,645 0 75 3,150 220 250 0 728 195 : : : : Changes from: November 18, 2025 : : 150 0 15 0 -15 0 150 -135 0 5 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 33.9 89.5 39.9 0.0 0.5 22.3 1.6 1.8 0.0 5.2 1.4 : : : : Number of Traders in Each Category Total Traders: 24 : : 9 10 . 0 . . . . 0 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT N 345KV REAL T PK DALY M - ICE FUTURES ENERGY DIV (240 MW = 15 Hours X 16 MWh) : CFTC Code #0643IB Open Interest is 18,122 : : Positions : : 6,320 10,360 1,840 0 90 2,165 1,105 1,977 4,770 3,220 590 : : : : Changes from: November 18, 2025 : : 720 1,820 780 0 90 -1,020 225 1,470 2,450 625 125 : : : : Percent of Open Interest Represented by Each Category of Trader : : 34.9 57.2 10.2 0.0 0.5 11.9 6.1 10.9 26.3 17.8 3.3 : : : : Number of Traders in Each Category Total Traders: 56 : : 18 26 . 0 . . . 4 7 13 9 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT N 345KV REAL T PK 2x16 - ICE FUTURES ENERGY DIV (1MW for about 352 Hours) : CFTC Code #0643ID Open Interest is 126,652 : : Positions : : 88,437 86,487 14,676 17,406 3,878 6,646 141 2,560 7,619 13,309 2,527 : : : : Changes from: November 18, 2025 : : 652 443 -436 135 288 163 -163 -68 0 8 36 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.8 68.3 11.6 13.7 3.1 5.2 0.1 2.0 6.0 10.5 2.0 : : : : Number of Traders in Each Category Total Traders: 54 : : 29 28 . . 4 5 . 4 . 7 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT North 345KV Hub RT 7x8 - ICE FUTURES ENERGY DIV (1MW for about 352 Hours) : CFTC Code #0643IK Open Interest is 217,396 : : Positions : : 81,742 129,297 0 45,504 12,337 81,405 2,617 13,125 22,339 8,363 5,814 : : : : Changes from: November 18, 2025 : : -1,673 -339 0 1,496 85 2,395 6 -1,303 467 133 -486 : : : : Percent of Open Interest Represented by Each Category of Trader : : 37.6 59.5 0.0 20.9 5.7 37.4 1.2 6.0 10.3 3.8 2.7 : : : : Number of Traders in Each Category Total Traders: 63 : : 28 27 0 5 5 8 4 6 6 6 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT Houston 345KV Hub RT 7x8 - ICE FUTURES ENERGY DIV (1MW for about 352 Hours) : CFTC Code #0643IL Open Interest is 17,170 : : Positions : : 11,570 14,140 3,840 1,210 590 850 0 0 300 1,100 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.4 82.4 22.4 7.0 3.4 5.0 0.0 0.0 1.7 6.4 0.0 : : : : Number of Traders in Each Category Total Traders: 24 : : 9 9 4 . . . 0 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ISONE.H.INTERNAL_HUB_mo_on_dap - NODAL EXCHANGE (Contracts of 400 MWh) : CFTC Code #064AAA Open Interest is 103,726 : : Positions : : 76,902 79,039 2,218 8,117 1,936 310 2,700 20 11,271 825 2,415 : : : : Changes from: November 18, 2025 : : 1,660 1,380 0 -10 90 0 240 0 -50 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.1 76.2 2.1 7.8 1.9 0.3 2.6 0.0 10.9 0.8 2.3 : : : : Number of Traders in Each Category Total Traders: 33 : : 15 18 . 6 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ISONE.H.INTERNAL_HB_mo_off_dap - NODAL EXCHANGE (Contracts of 400 MWh) : CFTC Code #064AAB Open Interest is 92,457 : : Positions : : 69,191 68,513 413 8,322 2,823 325 2,215 175 10,372 1,221 1,200 : : : : Changes from: November 18, 2025 : : 1,741 1,417 0 -36 21 0 360 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.8 74.1 0.4 9.0 3.1 0.4 2.4 0.2 11.2 1.3 1.3 : : : : Number of Traders in Each Category Total Traders: 32 : : 14 18 . 6 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO.INDIANA.HUB_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064BFI Open Interest is 25,254 : : Positions : : 18,063 16,754 3,589 770 131 0 2,181 0 0 1,065 985 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.5 66.3 14.2 3.0 0.5 0.0 8.6 0.0 0.0 4.2 3.9 : : : : Number of Traders in Each Category Total Traders: 23 : : 16 11 . . . 0 . 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO.INDIANA.HUB_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064BFJ Open Interest is 23,803 : : Positions : : 16,882 15,811 3,614 708 80 0 2,020 75 0 1,095 955 : : : : Changes from: November 18, 2025 : : 0 -130 0 130 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.9 66.4 15.2 3.0 0.3 0.0 8.5 0.3 0.0 4.6 4.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 14 11 . . . 0 . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO.HUD VL_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064CXO Open Interest is 43,075 : : Positions : : 30,679 9,846 1,350 10,729 3,772 670 310 635 0 11,953 1,049 : : : : Changes from: November 18, 2025 : : -150 0 150 -110 0 0 40 0 0 70 -10 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.2 22.9 3.1 24.9 8.8 1.6 0.7 1.5 0.0 27.7 2.4 : : : : Number of Traders in Each Category Total Traders: 34 : : 19 14 . 4 6 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO.HUD VL_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064CXP Open Interest is 39,227 : : Positions : : 29,021 9,471 1,230 9,874 3,398 570 875 25 0 10,495 917 : : : : Changes from: November 18, 2025 : : 50 50 70 -40 -15 0 40 0 0 70 -10 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.0 24.1 3.1 25.2 8.7 1.5 2.2 0.1 0.0 26.8 2.3 : : : : Number of Traders in Each Category Total Traders: 33 : : 19 15 . 4 6 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO.N.Y.C._month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064CZS Open Interest is 24,522 : : Positions : : 15,395 17,464 4,234 3,770 1,393 0 0 0 1,410 0 0 : : : : Changes from: November 18, 2025 : : 0 615 300 -15 5 0 0 0 600 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 62.8 71.2 17.3 15.4 5.7 0.0 0.0 0.0 5.7 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 26 : : 9 14 4 . 5 0 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO.N.Y.C._month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064CZT Open Interest is 22,773 : : Positions : : 14,820 15,570 3,620 3,684 1,579 0 0 0 840 0 80 : : : : Changes from: November 18, 2025 : : 0 600 300 0 0 0 0 0 280 0 80 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.1 68.4 15.9 16.2 6.9 0.0 0.0 0.0 3.7 0.0 0.4 : : : : Number of Traders in Each Category Total Traders: 25 : : 9 13 . . 4 0 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO.WEST_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DEU Open Interest is 36,511 : : Positions : : 23,132 21,491 2,986 5,545 957 0 3,565 30 5,047 670 2,950 : : : : Changes from: November 18, 2025 : : 930 -90 -125 600 0 0 0 0 -275 0 480 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.4 58.9 8.2 15.2 2.6 0.0 9.8 0.1 13.8 1.8 8.1 : : : : Number of Traders in Each Category Total Traders: 30 : : 15 13 4 . 5 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NYISO.WEST_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DEV Open Interest is 38,158 : : Positions : : 23,310 25,844 5,218 4,770 817 0 3,430 30 6,305 570 1,450 : : : : Changes from: November 18, 2025 : : 651 -194 -70 430 -60 0 0 0 -325 0 455 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.1 67.7 13.7 12.5 2.1 0.0 9.0 0.1 16.5 1.5 3.8 : : : : Number of Traders in Each Category Total Traders: 28 : : 15 12 4 . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.AEP_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DLQ Open Interest is 35,337 : : Positions : : 22,865 28,671 8,501 2,030 260 2,580 0 0 0 3,581 300 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.7 81.1 24.1 5.7 0.7 7.3 0.0 0.0 0.0 10.1 0.8 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 . 4 . . . 0 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.AEP_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DLR Open Interest is 35,302 : : Positions : : 22,890 28,636 8,501 2,030 260 2,580 0 0 0 3,581 300 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.8 81.1 24.1 5.8 0.7 7.3 0.0 0.0 0.0 10.1 0.8 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 . 4 . . . 0 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.AEP-DAYTON HUB_mo_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DLW Open Interest is 112,758 : : Positions : : 64,803 49,157 17,057 29,274 3,085 2,275 4,655 940 1,649 2,125 4,835 : : : : Changes from: November 18, 2025 : : 1,232 1,420 0 0 0 0 0 0 188 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.5 43.6 15.1 26.0 2.7 2.0 4.1 0.8 1.5 1.9 4.3 : : : : Number of Traders in Each Category Total Traders: 36 : : 13 18 . 4 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.AEP-DAYTON HUB_mo_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DLX Open Interest is 111,213 : : Positions : : 64,551 50,537 17,074 29,031 2,384 2,705 3,980 845 1,846 2,125 4,748 : : : : Changes from: November 18, 2025 : : 1,735 1,915 0 0 0 0 0 0 180 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.0 45.4 15.4 26.1 2.1 2.4 3.6 0.8 1.7 1.9 4.3 : : : : Number of Traders in Each Category Total Traders: 36 : : 13 18 . 4 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.APS_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DMY Open Interest is 11,278 : : Positions : : 6,673 10,338 1,420 465 60 1,160 0 0 595 0 120 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.2 91.7 12.6 4.1 0.5 10.3 0.0 0.0 5.3 0.0 1.1 : : : : Number of Traders in Each Category Total Traders: 20 : : 13 6 . . . . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.APS_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DMZ Open Interest is 11,278 : : Positions : : 6,673 10,338 1,420 465 60 1,160 0 0 595 0 120 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.2 91.7 12.6 4.1 0.5 10.3 0.0 0.0 5.3 0.0 1.1 : : : : Number of Traders in Each Category Total Traders: 20 : : 13 6 . . . . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.BGE_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DPQ Open Interest is 30,598 : : Positions : : 21,638 24,810 2,605 555 865 1,650 50 0 1,255 1,815 1,176 : : : : Changes from: November 18, 2025 : : 285 120 75 120 -40 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.7 81.1 8.5 1.8 2.8 5.4 0.2 0.0 4.1 5.9 3.8 : : : : Number of Traders in Each Category Total Traders: 23 : : 12 4 . . 5 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.BGE_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DPR Open Interest is 30,650 : : Positions : : 21,495 24,660 2,410 430 1,065 1,650 50 0 1,255 1,815 1,176 : : : : Changes from: November 18, 2025 : : 285 120 -45 0 95 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.1 80.5 7.9 1.4 3.5 5.4 0.2 0.0 4.1 5.9 3.8 : : : : Number of Traders in Each Category Total Traders: 23 : : 12 4 4 . 5 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.DOM_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DZS Open Interest is 14,990 : : Positions : : 9,775 6,365 1,110 3,670 1,500 285 330 270 950 1,825 0 : : : : Changes from: November 18, 2025 : : 75 40 0 0 0 0 0 0 -25 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.2 42.5 7.4 24.5 10.0 1.9 2.2 1.8 6.3 12.2 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 14 8 . 5 4 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.DOM_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064DZT Open Interest is 15,335 : : Positions : : 9,825 6,615 1,835 4,185 1,035 285 360 245 950 1,825 0 : : : : Changes from: November 18, 2025 : : 75 40 0 0 0 0 0 0 -25 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.1 43.1 12.0 27.3 6.7 1.9 2.3 1.6 6.2 11.9 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 14 7 . 4 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.JCPL_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EJI Open Interest is 38,787 : : Positions : : 28,010 24,474 395 5,781 1,750 3,405 4,340 0 1,845 0 722 : : : : Changes from: November 18, 2025 : : 140 230 -5 25 -45 120 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.2 63.1 1.0 14.9 4.5 8.8 11.2 0.0 4.8 0.0 1.9 : : : : Number of Traders in Each Category Total Traders: 29 : : 14 10 . 5 4 . . 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.JCPL_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EJJ Open Interest is 37,175 : : Positions : : 27,240 22,934 125 5,896 1,795 3,405 4,340 0 1,605 59 660 : : : : Changes from: November 18, 2025 : : 135 430 0 -175 55 120 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.3 61.7 0.3 15.9 4.8 9.2 11.7 0.0 4.3 0.2 1.8 : : : : Number of Traders in Each Category Total Traders: 28 : : 14 10 . 5 . . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.METED_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EOW Open Interest is 24,728 : : Positions : : 20,925 11,490 488 7,390 631 0 2,420 370 200 1,145 430 : : : : Changes from: November 18, 2025 : : 990 610 -30 0 30 0 370 0 200 180 -105 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.6 46.5 2.0 29.9 2.6 0.0 9.8 1.5 0.8 4.6 1.7 : : : : Number of Traders in Each Category Total Traders: 24 : : 14 7 . . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.METED_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EOX Open Interest is 24,817 : : Positions : : 21,005 11,600 468 7,390 611 0 2,420 370 200 1,075 500 : : : : Changes from: November 18, 2025 : : 990 610 -30 0 30 0 370 0 200 180 -105 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.6 46.7 1.9 29.8 2.5 0.0 9.8 1.5 0.8 4.3 2.0 : : : : Number of Traders in Each Category Total Traders: 24 : : 14 8 . . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.N ILLINOIS HUB_mo_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064ERM Open Interest is 66,332 : : Positions : : 39,249 52,617 18,066 5,660 1,810 0 150 0 1,185 45 0 : : : : Changes from: November 18, 2025 : : 567 522 0 0 0 0 0 0 0 45 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.2 79.3 27.2 8.5 2.7 0.0 0.2 0.0 1.8 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 29 : : 13 15 5 . 5 0 . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.N ILLINOIS HUB_mo_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064ERN Open Interest is 63,276 : : Positions : : 37,512 49,241 17,437 6,075 1,610 0 150 0 590 45 15 : : : : Changes from: November 18, 2025 : : 495 450 0 0 0 0 0 0 0 45 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.3 77.8 27.6 9.6 2.5 0.0 0.2 0.0 0.9 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 28 : : 12 15 5 . 4 0 . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PECO_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EUY Open Interest is 152,211 : : Positions : : 77,225 130,215 14,042 11,140 2,710 3,195 1,005 0 47,685 100 0 : : : : Changes from: November 18, 2025 : : 315 190 50 160 -60 -50 25 0 60 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.7 85.5 9.2 7.3 1.8 2.1 0.7 0.0 31.3 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 36 : : 20 13 . . 4 . . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PECO_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EUZ Open Interest is 154,339 : : Positions : : 73,217 132,494 14,009 10,875 2,960 3,145 1,055 0 53,840 100 6 : : : : Changes from: November 18, 2025 : : 222 97 50 160 -60 -50 25 0 60 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.4 85.8 9.1 7.0 1.9 2.0 0.7 0.0 34.9 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 36 : : 20 13 . . 4 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PENELEC_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EVA Open Interest is 25,540 : : Positions : : 5,307 18,436 1,119 5,769 455 1,110 0 0 15,764 0 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 20.8 72.2 4.4 22.6 1.8 4.3 0.0 0.0 61.7 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 11 8 . 4 . . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PENELEC_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EVB Open Interest is 25,585 : : Positions : : 5,462 18,486 1,049 5,769 480 1,110 0 0 15,764 0 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 21.3 72.3 4.1 22.5 1.9 4.3 0.0 0.0 61.6 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 11 8 . 4 . . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PEPCO_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EVG Open Interest is 23,490 : : Positions : : 16,375 8,730 1,240 4,860 395 1,560 2,030 200 0 4,030 2,045 : : : : Changes from: November 18, 2025 : : 55 100 120 75 -60 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.7 37.2 5.3 20.7 1.7 6.6 8.6 0.9 0.0 17.2 8.7 : : : : Number of Traders in Each Category Total Traders: 27 : : 14 9 . 4 . . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PEPCO_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EVH Open Interest is 23,460 : : Positions : : 16,385 8,660 1,210 4,860 395 1,560 2,030 200 0 4,030 2,045 : : : : Changes from: November 18, 2025 : : 55 100 120 75 -60 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.8 36.9 5.2 20.7 1.7 6.6 8.7 0.9 0.0 17.2 8.7 : : : : Number of Traders in Each Category Total Traders: 27 : : 14 9 . 4 . . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PPL_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EWU Open Interest is 63,445 : : Positions : : 43,943 37,933 14,530 19,592 590 225 415 1,045 0 1,770 325 : : : : Changes from: November 18, 2025 : : 685 380 -25 555 -420 0 25 0 0 -300 300 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.3 59.8 22.9 30.9 0.9 0.4 0.7 1.6 0.0 2.8 0.5 : : : : Number of Traders in Each Category Total Traders: 33 : : 18 11 . 6 4 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PPL_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EWV Open Interest is 64,344 : : Positions : : 44,320 39,258 14,580 19,444 540 175 415 1,045 0 1,016 685 : : : : Changes from: November 18, 2025 : : 675 370 -25 555 -395 0 25 0 0 -300 300 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.9 61.0 22.7 30.2 0.8 0.3 0.6 1.6 0.0 1.6 1.1 : : : : Number of Traders in Each Category Total Traders: 33 : : 17 11 . 6 4 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PSEG_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EXE Open Interest is 80,984 : : Positions : : 54,598 42,184 3,762 18,099 3,646 2,320 225 325 3,915 4,180 2,225 : : : : Changes from: November 18, 2025 : : 735 1,030 0 -240 -35 -50 -330 0 30 255 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.4 52.1 4.6 22.3 4.5 2.9 0.3 0.4 4.8 5.2 2.7 : : : : Number of Traders in Each Category Total Traders: 36 : : 21 13 . 4 4 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.PSEG_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064EXF Open Interest is 78,760 : : Positions : : 52,698 40,444 3,192 17,714 3,664 2,320 225 325 3,700 3,620 2,245 : : : : Changes from: November 18, 2025 : : 510 790 0 -250 -40 -50 -330 0 5 255 10 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.9 51.4 4.1 22.5 4.7 2.9 0.3 0.4 4.7 4.6 2.9 : : : : Number of Traders in Each Category Total Traders: 35 : : 21 13 . 5 4 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.WESTERN HUB_month_on_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FHK Open Interest is 278,310 : : Positions : : 190,541 125,556 13,691 26,429 6,320 6,465 0 4,795 2,300 60,769 2,444 : : : : Changes from: November 18, 2025 : : 1,010 1,722 -523 -625 555 740 -480 -25 0 615 75 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.5 45.1 4.9 9.5 2.3 2.3 0.0 1.7 0.8 21.8 0.9 : : : : Number of Traders in Each Category Total Traders: 50 : : 23 27 5 4 6 . 0 . . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.WESTERN HUB_month_off_dap - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FHL Open Interest is 274,755 : : Positions : : 191,347 118,154 13,939 23,924 5,360 5,925 3,480 3,740 2,174 67,539 1,627 : : : : Changes from: November 18, 2025 : : 1,680 2,310 -415 -410 605 -180 -1,400 905 0 590 75 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.6 43.0 5.1 8.7 2.0 2.2 1.3 1.4 0.8 24.6 0.6 : : : : Number of Traders in Each Category Total Traders: 49 : : 19 27 5 4 8 . . . . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO.INDIANA.HUB_month_on_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FJY Open Interest is 34,785 : : Positions : : 24,667 13,268 1,850 7,639 3,956 1,600 130 0 0 7,000 480 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.9 38.1 5.3 22.0 11.4 4.6 0.4 0.0 0.0 20.1 1.4 : : : : Number of Traders in Each Category Total Traders: 22 : : 11 12 4 . 4 . . 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO.INDIANA.HUB_month_off_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FJZ Open Interest is 33,023 : : Positions : : 24,635 14,363 1,988 6,750 3,432 1,600 0 0 0 6,980 230 : : : : Changes from: November 18, 2025 : : -130 0 130 0 -5 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.6 43.5 6.0 20.4 10.4 4.8 0.0 0.0 0.0 21.1 0.7 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 13 4 . 4 . 0 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.AEP-DAYTON HUB_mo_on_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FKA Open Interest is 91,223 : : Positions : : 42,465 69,868 6,520 3,817 4,846 1,070 1,220 1,340 24,877 185 73 : : : : Changes from: November 18, 2025 : : 1,773 1,443 565 -515 380 50 0 0 -1,508 0 8 : : : : Percent of Open Interest Represented by Each Category of Trader : : 46.6 76.6 7.1 4.2 5.3 1.2 1.3 1.5 27.3 0.2 0.1 : : : : Number of Traders in Each Category Total Traders: 36 : : 19 17 4 4 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.AEP-DAYTON HUB_mo_off_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FKB Open Interest is 90,905 : : Positions : : 43,063 70,471 6,408 905 6,518 675 1,545 1,690 22,970 185 180 : : : : Changes from: November 18, 2025 : : 3,513 3,143 355 -725 665 125 75 225 -1,500 0 -15 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.4 77.5 7.0 1.0 7.2 0.7 1.7 1.9 25.3 0.2 0.2 : : : : Number of Traders in Each Category Total Traders: 36 : : 16 16 4 4 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.N ILLINOIS HUB_mo_on_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FKC Open Interest is 74,237 : : Positions : : 51,185 56,841 10,415 5,275 3,020 450 1,295 780 1,510 120 120 : : : : Changes from: November 18, 2025 : : 999 109 -1,240 860 440 0 350 0 1,510 -60 60 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.9 76.6 14.0 7.1 4.1 0.6 1.7 1.1 2.0 0.2 0.2 : : : : Number of Traders in Each Category Total Traders: 28 : : 16 13 . 5 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.N ILLINOIS HUB_mo_off_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FKD Open Interest is 71,250 : : Positions : : 44,423 57,038 13,100 2,966 2,555 2,050 1,170 980 1,610 120 60 : : : : Changes from: November 18, 2025 : : 615 325 -1,500 0 390 0 350 0 1,510 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 62.3 80.1 18.4 4.2 3.6 2.9 1.6 1.4 2.3 0.2 0.1 : : : : Number of Traders in Each Category Total Traders: 27 : : 15 11 4 . 4 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.WESTERN HUB_month_on_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FKE Open Interest is 238,897 : : Positions : : 108,436 160,157 62,348 7,160 13,385 1,800 6,040 2,995 20,710 19,807 853 : : : : Changes from: November 18, 2025 : : 2,856 2,914 1,418 0 367 -100 1,200 -350 0 60 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 45.4 67.0 26.1 3.0 5.6 0.8 2.5 1.3 8.7 8.3 0.4 : : : : Number of Traders in Each Category Total Traders: 48 : : 24 28 5 . 5 . . . 6 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM.WESTERN HUB_month_off_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FKF Open Interest is 214,260 : : Positions : : 95,978 134,470 48,673 17,546 9,309 3,920 3,030 2,280 26,418 19,997 973 : : : : Changes from: November 18, 2025 : : 4,436 3,061 300 250 130 -325 1,200 -500 0 -100 -15 : : : : Percent of Open Interest Represented by Each Category of Trader : : 44.8 62.8 22.7 8.2 4.3 1.8 1.4 1.1 12.3 9.3 0.5 : : : : Number of Traders in Each Category Total Traders: 46 : : 25 26 . 4 6 . . . 4 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT.HB_NORTH_month_on_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FOK Open Interest is 86,544 : : Positions : : 65,089 53,155 491 11,650 4,929 265 0 775 2,050 3,100 50 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.2 61.4 0.6 13.5 5.7 0.3 0.0 0.9 2.4 3.6 0.1 : : : : Number of Traders in Each Category Total Traders: 26 : : 14 15 . 4 4 . 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT.HB_NORTH_month_off_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064FOL Open Interest is 83,113 : : Positions : : 69,524 58,950 356 8,410 5,104 50 0 0 0 2,400 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.6 70.9 0.4 10.1 6.1 0.1 0.0 0.0 0.0 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 13 . 4 4 . 0 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT.HB_NORTH_month_7x8_rtp - NODAL EXCHANGE Megawatt Hours (MWh) : CFTC Code #064GBD Open Interest is 34,000 : : Positions : : 17,940 26,345 2,800 5,500 350 2,525 0 0 8,400 0 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.8 77.5 8.2 16.2 1.0 7.4 0.0 0.0 24.7 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 11 9 4 . . . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM DOM ZONE DAY AHEAD PEAK - ICE FUTURES ENERGY DIV 352 MWh : CFTC Code #064IAZ Open Interest is 5,718 : : Positions : : 2,852 1,768 130 1,540 80 710 305 1,600 0 225 200 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.9 30.9 2.3 26.9 1.4 12.4 5.3 28.0 0.0 3.9 3.5 : : : : Number of Traders in Each Category Total Traders: 22 : : 10 6 . . . . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM DOM ZONE DAY AHEAD OFFPEAK - ICE FUTURES ENERGY DIV 368 MWh : CFTC Code #064IBA Open Interest is 7,748 : : Positions : : 4,092 2,748 800 2,470 200 710 305 1,600 0 225 200 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.8 35.5 10.3 31.9 2.6 9.2 3.9 20.7 0.0 2.9 2.6 : : : : Number of Traders in Each Category Total Traders: 22 : : 10 6 . . . . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ERCOT North 345KV Hub RT 7x16 - ICE FUTURES ENERGY DIV (1MW for about 352 Hours) : CFTC Code #064IBM Open Interest is 18,225 : : Positions : : 11,890 12,015 4,055 1,435 860 0 1,760 220 500 1,135 640 : : : : Changes from: November 18, 2025 : : 50 50 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.2 65.9 22.2 7.9 4.7 0.0 9.7 1.2 2.7 6.2 3.5 : : : : Number of Traders in Each Category Total Traders: 27 : : 15 15 . . 4 0 . . . . . : ----------------------------------------------------------------------------------------------------------------
Updated December 15, 2025