Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 40,901 : : Positions : : 27,755 32,808 5,077 1,502 2,563 1,324 2,812 263 3,171 95 665 : : : : Changes from: November 25, 2025 : : -1,791 -1,254 107 -190 -162 112 -151 -126 -164 -184 96 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.9 80.2 12.4 3.7 6.3 3.2 6.9 0.6 7.8 0.2 1.6 : : : : Number of Traders in Each Category Total Traders: 53 : : 23 23 . . 4 . 8 . 7 . 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 26,905 : : Positions : : 18,691 22,138 4,762 588 1,958 195 842 157 677 714 373 : : : : Changes from: November 25, 2025 : : -700 -767 273 -154 -190 -55 6 137 -13 455 -72 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.5 82.3 17.7 2.2 7.3 0.7 3.1 0.6 2.5 2.7 1.4 : : : : Number of Traders in Each Category Total Traders: 39 : : 21 22 4 . . . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 265,087 : : Positions : : 111,271 147,532 6,206 67,340 10,742 63,902 3,014 14,300 42,260 7,555 13,417 : : : : Changes from: November 25, 2025 : : -3,187 -869 491 -94 118 1,035 152 183 -7 256 340 : : : : Percent of Open Interest Represented by Each Category of Trader : : 42.0 55.7 2.3 25.4 4.1 24.1 1.1 5.4 15.9 2.9 5.1 : : : : Number of Traders in Each Category Total Traders: 89 : : 37 31 . 6 6 21 6 13 7 8 12 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 93,727 : : Positions : : 67,140 52,541 10,804 20,275 2,259 3,199 6,519 5,681 1,330 3,374 2,917 : : : : Changes from: November 25, 2025 : : 89 -391 75 -333 -36 4 616 4 -275 -118 316 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.6 56.1 11.5 21.6 2.4 3.4 7.0 6.1 1.4 3.6 3.1 : : : : Number of Traders in Each Category Total Traders: 63 : : 26 24 5 4 7 5 8 7 5 6 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 76,568 : : Positions : : 49,937 37,138 9,057 14,095 5,046 889 11,494 4,283 3,362 598 3,868 : : : : Changes from: November 25, 2025 : : -133 100 -74 98 -108 25 12 125 71 -300 -275 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.2 48.5 11.8 18.4 6.6 1.2 15.0 5.6 4.4 0.8 5.1 : : : : Number of Traders in Each Category Total Traders: 50 : : 21 25 5 . 5 . 4 5 5 4 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 58,415 : : Positions : : 29,512 32,200 1,347 11,498 3,273 2,517 1,044 6,440 13,972 2,501 893 : : : : Changes from: November 25, 2025 : : -744 -529 0 126 -6 90 7 2 439 82 -12 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.5 55.1 2.3 19.7 5.6 4.3 1.8 11.0 23.9 4.3 1.5 : : : : Number of Traders in Each Category Total Traders: 41 : : 20 22 . 5 7 . . . . 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 65,770 : : Positions : : 34,685 31,598 3,239 6,069 5,238 2,491 14,966 2,752 14,027 2,870 1,742 : : : : Changes from: November 25, 2025 : : -987 -521 -25 -12 106 115 692 100 168 -84 -19 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.7 48.0 4.9 9.2 8.0 3.8 22.8 4.2 21.3 4.4 2.6 : : : : Number of Traders in Each Category Total Traders: 57 : : 23 22 6 4 7 11 4 5 . 7 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 51,600 : : Positions : : 38,636 13,661 6,332 16,859 689 920 2,978 421 1,736 15,636 766 : : : : Changes from: November 25, 2025 : : -760 174 90 0 0 0 107 0 165 -252 100 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.9 26.5 12.3 32.7 1.3 1.8 5.8 0.8 3.4 30.3 1.5 : : : : Number of Traders in Each Category Total Traders: 52 : : 23 17 4 6 5 . 4 . 4 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 60,700 : : Positions : : 47,066 19,378 7,157 18,195 602 920 3,749 355 2,290 16,693 888 : : : : Changes from: November 25, 2025 : : -531 35 90 0 0 0 70 0 30 -330 235 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.5 31.9 11.8 30.0 1.0 1.5 6.2 0.6 3.8 27.5 1.5 : : : : Number of Traders in Each Category Total Traders: 61 : : 26 18 6 6 7 . 5 . 5 7 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 16,225 : : Positions : : 12,625 13,399 1,732 242 1,024 0 265 275 50 746 200 : : : : Changes from: November 25, 2025 : : 119 11 242 -50 -51 0 0 0 0 400 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.8 82.6 10.7 1.5 6.3 0.0 1.6 1.7 0.3 4.6 1.2 : : : : Number of Traders in Each Category Total Traders: 30 : : 17 16 4 . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 33,844 : : Positions : : 27,224 19,195 1,670 2,809 3,170 1,540 1,667 15 0 6,943 0 : : : : Changes from: November 25, 2025 : : 1,105 823 -164 -22 79 0 0 0 0 140 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 80.4 56.7 4.9 8.3 9.4 4.6 4.9 0.0 0.0 20.5 0.0 : : : : Number of Traders in Each Category Total Traders: 30 : : 18 13 . 4 5 . . . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 41,792 : : Positions : : 25,082 31,744 5,290 4,392 2,956 2,502 0 1,200 4,110 1,140 240 : : : : Changes from: November 25, 2025 : : -24 48 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.0 76.0 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 December 2, 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 38,936 : : Positions : : 23,604 29,916 3,768 4,140 3,190 2,502 0 1,200 4,360 250 240 : : : : Changes from: November 25, 2025 : : -36 36 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.6 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 December 2, 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 294,383 : : Positions : : 105,547 180,788 20,142 43,010 22,175 77,752 8,928 15,982 39,749 11,697 11,371 : : : : Changes from: November 25, 2025 : : 527 -396 173 424 -397 -602 840 302 765 38 300 : : : : Percent of Open Interest Represented by Each Category of Trader : : 35.9 61.4 6.8 14.6 7.5 26.4 3.0 5.4 13.5 4.0 3.9 : : : : Number of Traders in Each Category Total Traders: 110 : : 37 38 . 6 6 17 12 15 16 11 15 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 25, 2025 : : 0 0 0 0 0 0 0 0 0 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 December 2, 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 25, 2025 : : 0 0 0 0 0 0 0 0 0 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 December 2, 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 32,391 : : Positions : : 18,150 25,599 10,162 0 2,097 300 3,024 400 900 946 0 : : : : Changes from: November 25, 2025 : : -60 240 300 0 -120 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 56.0 79.0 31.4 0.0 6.5 0.9 9.3 1.2 2.8 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 13 12 5 0 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 32,269 : : Positions : : 18,350 25,537 9,910 0 2,037 300 3,024 400 900 946 0 : : : : Changes from: November 25, 2025 : : -60 240 300 0 -120 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 56.9 79.1 30.7 0.0 6.3 0.9 9.4 1.2 2.8 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 13 12 5 0 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 10,550 : : Positions : : 1,400 1,700 1,600 0 0 5,350 6,900 0 1,050 1,200 500 : : : : Changes from: November 25, 2025 : : 350 -1,450 0 0 0 -3,950 -1,950 0 -400 250 -400 : : : : Percent of Open Interest Represented by Each Category of Trader : : 13.3 16.1 15.2 0.0 0.0 50.7 65.4 0.0 10.0 11.4 4.7 : : : : Number of Traders in Each Category Total Traders: 25 : : 8 4 . 0 0 . . 0 4 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 120,298 : : Positions : : 64,750 89,818 23,769 7,278 7,153 16,030 6,374 1,524 4,794 6,400 1,553 : : : : Changes from: November 25, 2025 : : 0 -372 18 0 480 0 318 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 53.8 74.7 19.8 6.0 5.9 13.3 5.3 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 December 2, 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 16,933 : : Positions : : 13,930 14,075 1,318 160 741 0 775 50 242 888 200 : : : : Changes from: November 25, 2025 : : 537 382 200 -33 -8 0 0 0 0 400 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 82.3 83.1 7.8 0.9 4.4 0.0 4.6 0.3 1.4 5.2 1.2 : : : : Number of Traders in Each Category Total Traders: 36 : : 22 19 5 . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 35,893 : : Positions : : 28,063 19,464 2,181 1,747 2,897 1,971 2,124 0 50 9,489 0 : : : : Changes from: November 25, 2025 : : -430 -371 -233 -139 132 5 39 0 0 -226 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.2 54.2 6.1 4.9 8.1 5.5 5.9 0.0 0.1 26.4 0.0 : : : : Number of Traders in Each Category Total Traders: 35 : : 19 14 4 . 5 5 . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 18,071 17,503 4,304 4,739 286 600 335 0 488 665 125 : : : : Changes from: November 25, 2025 : : -170 -85 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.7 72.4 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 10 . 5 . . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 24,590 : : Positions : : 18,881 20,001 3,831 2,429 366 600 50 0 446 1,129 150 : : : : Changes from: November 25, 2025 : : -158 -105 0 0 0 0 0 0 0 6 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.8 81.3 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 December 2, 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 72,794 : : Positions : : 50,891 50,993 11,082 7,604 2,135 1,480 6,045 888 2,363 1,272 3,669 : : : : Changes from: November 25, 2025 : : 54 132 44 -15 31 0 -567 278 -488 60 493 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.9 70.1 15.2 10.4 2.9 2.0 8.3 1.2 3.2 1.7 5.0 : : : : Number of Traders in Each Category Total Traders: 55 : : 23 21 5 5 6 . 6 5 . 5 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 96,603 : : Positions : : 68,458 68,278 12,213 6,780 3,228 2,357 13,002 1,174 6,389 1,495 2,299 : : : : Changes from: November 25, 2025 : : 252 1,172 250 -250 81 94 -302 -263 273 239 -68 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.9 70.7 12.6 7.0 3.3 2.4 13.5 1.2 6.6 1.5 2.4 : : : : Number of Traders in Each Category Total Traders: 70 : : 24 24 7 4 8 6 10 6 6 7 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 39,187 : : Positions : : 19,359 25,329 16,151 600 962 928 7,683 903 524 3,506 204 : : : : Changes from: November 25, 2025 : : 131 112 53 0 0 228 195 65 0 125 -5 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.4 64.6 41.2 1.5 2.5 2.4 19.6 2.3 1.3 8.9 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 December 2, 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 37,234 : : Positions : : 16,199 23,251 17,596 850 1,478 125 6,832 479 561 3,552 605 : : : : Changes from: November 25, 2025 : : 438 132 300 0 0 0 21 0 15 636 -265 : : : : Percent of Open Interest Represented by Each Category of Trader : : 43.5 62.4 47.3 2.3 4.0 0.3 18.3 1.3 1.5 9.5 1.6 : : : : Number of Traders in Each Category Total Traders: 35 : : 15 13 5 . . . 4 5 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 84,094 : : Positions : : 25,224 61,419 3,330 14,128 2,108 45,954 120 5,908 218 100 188 : : : : Changes from: November 25, 2025 : : -724 -43 0 -5 5 -2 0 2 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 30.0 73.0 4.0 16.8 2.5 54.6 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 December 2, 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 72,214 : : Positions : : 39,263 52,311 5,348 15,453 1,551 22,810 140 1,856 175 487 164 : : : : Changes from: November 25, 2025 : : -747 127 0 -227 0 -94 0 -51 0 69 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.4 72.4 7.4 21.4 2.1 31.6 0.2 2.6 0.2 0.7 0.2 : : : : Number of Traders in Each Category Total Traders: 39 : : 20 18 5 4 6 5 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 7,994 : : Positions : : 2,755 5,702 1,889 318 954 115 375 50 1,397 0 0 : : : : Changes from: November 25, 2025 : : -293 0 0 8 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 34.5 71.3 23.6 4.0 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 December 2, 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 6,993 : : Positions : : 2,036 5,093 1,740 579 705 210 25 50 1,326 0 0 : : : : Changes from: November 25, 2025 : : -230 2 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 29.1 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: 20 : : 8 8 . . 4 . . . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 33,811 : : Positions : : 25,831 22,767 1,605 3,832 1,749 2,115 1,818 176 25 861 1,195 : : : : Changes from: November 25, 2025 : : 140 -1,053 -30 143 20 -84 118 -5 25 43 7 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.4 67.3 4.7 11.3 5.2 6.3 5.4 0.5 0.1 2.5 3.5 : : : : Number of Traders in Each Category Total Traders: 36 : : 15 14 4 6 8 . . 4 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 29,661 : : Positions : : 21,859 19,940 1,355 5,108 854 2,910 965 687 324 230 609 : : : : Changes from: November 25, 2025 : : 83 -771 2 0 0 -164 120 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.7 67.2 4.6 17.2 2.9 9.8 3.3 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 December 2, 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 29,084 : : Positions : : 20,119 10,081 1,745 7,768 2,552 2,090 6,375 36 0 995 717 : : : : Changes from: November 25, 2025 : : -47 -260 -153 -71 167 -67 718 -623 0 58 33 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.2 34.7 6.0 26.7 8.8 7.2 21.9 0.1 0.0 3.4 2.5 : : : : Number of Traders in Each Category Total Traders: 41 : : 19 17 . 7 7 4 4 . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 20,771 : : Positions : : 15,597 8,746 1,054 5,690 2,031 1,016 3,182 94 180 460 231 : : : : Changes from: November 25, 2025 : : -280 -177 0 -11 4 0 0 0 -5 5 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.1 42.1 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 18 . 7 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 13,871 : : Positions : : 7,015 8,688 4,731 3,821 497 45 14 466 1,032 0 40 : : : : Changes from: November 25, 2025 : : -497 -936 -344 -42 15 -63 14 -14 -80 -35 20 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.6 62.6 34.1 27.5 3.6 0.3 0.1 3.4 7.4 0.0 0.3 : : : : Number of Traders in Each Category Total Traders: 32 : : 17 15 4 . . . . . . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 12,020 : : Positions : : 6,049 6,705 4,751 3,791 830 75 669 0 70 0 0 : : : : Changes from: November 25, 2025 : : -796 -1,043 -178 -1 -40 0 0 0 -25 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.3 55.8 39.5 31.5 6.9 0.6 5.6 0.0 0.6 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 30 : : 17 14 . . 4 . . 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 10,747 8,073 8,528 13,400 310 2,055 0 0 60 590 275 : : : : Changes from: November 25, 2025 : : -474 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.5 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 December 2, 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 : : 9,922 6,717 9,382 14,110 310 3,255 50 0 60 640 275 : : : : Changes from: November 25, 2025 : : -70 -226 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 40.7 27.6 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 December 2, 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 122,557 : : Positions : : 78,090 92,538 9,372 12,012 2,994 8,499 2,560 2,818 17,886 5,043 1,365 : : : : Changes from: November 25, 2025 : : 851 -836 -74 22 17 -71 120 52 265 -370 600 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.7 75.5 7.6 9.8 2.4 6.9 2.1 2.3 14.6 4.1 1.1 : : : : Number of Traders in Each Category Total Traders: 69 : : 31 26 5 5 7 7 5 4 5 7 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 129,633 : : Positions : : 78,003 96,265 9,493 13,465 4,096 9,370 3,085 3,232 22,203 4,820 1,577 : : : : Changes from: November 25, 2025 : : 918 209 45 150 -51 190 -164 19 573 -250 452 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.2 74.3 7.3 10.4 3.2 7.2 2.4 2.5 17.1 3.7 1.2 : : : : Number of Traders in Each Category Total Traders: 79 : : 31 26 5 7 6 7 6 5 9 6 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 802,079 : : Positions : : 275,211 307,699 2,212 97,007 77,344 76,483 8,607 108,632 69,201 10,665 190,701 : : : : Changes from: November 25, 2025 : : 610 2,225 463 633 2,235 1,631 -500 2,190 -707 -93 1,729 : : : : Percent of Open Interest Represented by Each Category of Trader : : 34.3 38.4 0.3 12.1 9.6 9.5 1.1 13.5 8.6 1.3 23.8 : : : : Number of Traders in Each Category Total Traders: 135 : : 44 37 . 8 9 29 10 21 24 16 24 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 5,804 : : Positions : : 3,882 3,710 516 740 554 500 150 0 0 150 0 : : : : Changes from: November 25, 2025 : : 407 -100 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.9 63.9 8.9 12.7 9.5 8.6 2.6 0.0 0.0 2.6 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 December 2, 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 5,706 : : Positions : : 3,805 3,592 492 740 574 500 150 0 0 150 0 : : : : Changes from: November 25, 2025 : : 330 -100 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.7 63.0 8.6 13.0 10.1 8.8 2.6 0.0 0.0 2.6 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 December 2, 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 7,927 : : Positions : : 7,516 4,177 50 3,105 0 0 65 245 0 270 50 : : : : Changes from: November 25, 2025 : : 100 150 0 -50 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 94.8 52.7 0.6 39.2 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 December 2, 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 14,180 : : Positions : : 4,955 12,667 5,660 0 75 3,150 295 115 0 758 195 : : : : Changes from: November 25, 2025 : : 165 15 15 0 0 0 75 -135 0 30 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 34.9 89.3 39.9 0.0 0.5 22.2 2.1 0.8 0.0 5.3 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 December 2, 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 17,076 : : Positions : : 6,435 8,425 1,864 0 180 1,635 1,125 2,081 4,326 4,130 160 : : : : Changes from: November 25, 2025 : : 115 -1,935 24 0 90 -530 20 104 -444 910 -430 : : : : Percent of Open Interest Represented by Each Category of Trader : : 37.7 49.3 10.9 0.0 1.1 9.6 6.6 12.2 25.3 24.2 0.9 : : : : Number of Traders in Each Category Total Traders: 53 : : 21 25 . 0 . 4 . 4 5 11 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 126,975 : : Positions : : 88,547 86,679 14,668 17,466 3,888 6,687 141 2,560 7,723 13,308 2,589 : : : : Changes from: November 25, 2025 : : 110 192 -8 60 10 41 0 0 104 -1 62 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.7 68.3 11.6 13.8 3.1 5.3 0.1 2.0 6.1 10.5 2.0 : : : : Number of Traders in Each Category Total Traders: 54 : : 29 28 . . 4 5 . 4 4 6 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 214,842 : : Positions : : 83,080 128,002 0 46,086 11,709 77,529 2,589 12,883 23,203 7,311 5,923 : : : : Changes from: November 25, 2025 : : 1,338 -1,295 0 582 -628 -3,876 -28 -242 864 -1,052 109 : : : : Percent of Open Interest Represented by Each Category of Trader : : 38.7 59.6 0.0 21.5 5.5 36.1 1.2 6.0 10.8 3.4 2.8 : : : : Number of Traders in Each Category Total Traders: 63 : : 28 28 0 5 5 8 4 6 6 6 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 17,770 : : Positions : : 12,770 14,140 3,120 1,690 710 850 0 0 300 1,100 0 : : : : Changes from: November 25, 2025 : : 1,200 0 -720 480 120 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.9 79.6 17.6 9.5 4.0 4.8 0.0 0.0 1.7 6.2 0.0 : : : : Number of Traders in Each Category Total Traders: 24 : : 9 9 . . . . 0 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 103,871 : : Positions : : 73,262 75,267 1,790 7,589 1,879 310 2,480 120 10,751 760 2,380 : : : : Changes from: November 25, 2025 : : -3,640 -3,772 -428 -528 -57 0 -220 100 -520 -65 -35 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.5 72.5 1.7 7.3 1.8 0.3 2.4 0.1 10.4 0.7 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 December 2, 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 92,572 : : Positions : : 65,687 65,357 85 7,629 2,798 325 1,885 295 9,952 1,151 1,135 : : : : Changes from: November 25, 2025 : : -3,504 -3,156 -328 -693 -25 0 -330 120 -420 -70 -65 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.0 70.6 0.1 8.2 3.0 0.4 2.0 0.3 10.8 1.2 1.2 : : : : Number of Traders in Each Category Total Traders: 32 : : 14 18 . 6 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 17,249 15,740 3,512 720 113 0 2,049 0 0 1,390 660 : : : : Changes from: November 25, 2025 : : -814 -1,014 -77 -50 -18 0 -132 0 0 325 -325 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.3 62.3 13.9 2.9 0.4 0.0 8.1 0.0 0.0 5.5 2.6 : : : : Number of Traders in Each Category Total Traders: 22 : : 15 11 . . . 0 . 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 16,107 14,664 3,337 658 80 0 1,895 75 0 1,405 645 : : : : Changes from: November 25, 2025 : : -775 -1,147 -277 -50 0 0 -125 0 0 310 -310 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.7 61.6 14.0 2.8 0.3 0.0 8.0 0.3 0.0 5.9 2.7 : : : : Number of Traders in Each Category Total Traders: 21 : : 14 11 . . . 0 . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 43,125 : : Positions : : 29,361 8,826 1,255 10,952 3,154 495 280 635 0 11,172 999 : : : : Changes from: November 25, 2025 : : -1,318 -1,020 -95 223 -618 -175 -30 0 0 -781 -50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.1 20.5 2.9 25.4 7.3 1.1 0.6 1.5 0.0 25.9 2.3 : : : : Number of Traders in Each Category Total Traders: 34 : : 19 13 . 4 6 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 28,096 8,439 1,120 10,447 2,560 495 795 25 0 9,934 917 : : : : Changes from: November 25, 2025 : : -925 -1,032 -110 573 -838 -75 -80 0 0 -561 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.6 21.5 2.9 26.6 6.5 1.3 2.0 0.1 0.0 25.3 2.3 : : : : Number of Traders in Each Category Total Traders: 33 : : 18 14 4 . 6 . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 14,334 15,829 4,100 3,927 1,236 0 0 0 1,160 0 0 : : : : Changes from: November 25, 2025 : : -1,061 -1,635 -134 157 -157 0 0 0 -250 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.5 64.6 16.7 16.0 5.0 0.0 0.0 0.0 4.7 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 26 : : 9 13 . . 5 0 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 13,879 14,500 3,566 3,747 1,501 0 0 0 850 0 70 : : : : Changes from: November 25, 2025 : : -941 -1,070 -54 63 -78 0 0 0 10 0 -10 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.9 63.7 15.7 16.5 6.6 0.0 0.0 0.0 3.7 0.0 0.3 : : : : Number of Traders in Each Category Total Traders: 24 : : 9 12 . . 4 0 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 36,703 : : Positions : : 21,676 20,767 2,683 4,720 932 0 3,425 20 4,582 570 2,950 : : : : Changes from: November 25, 2025 : : -1,456 -724 -303 -825 -25 0 -140 -10 -465 -100 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.1 56.6 7.3 12.9 2.5 0.0 9.3 0.1 12.5 1.6 8.0 : : : : Number of Traders in Each Category Total Traders: 28 : : 14 12 4 . 5 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 38,375 : : Positions : : 21,929 24,909 5,135 3,945 827 0 3,390 20 5,930 570 1,450 : : : : Changes from: November 25, 2025 : : -1,381 -935 -83 -825 10 0 -40 -10 -375 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.1 64.9 13.4 10.3 2.2 0.0 8.8 0.1 15.5 1.5 3.8 : : : : Number of Traders in Each Category Total Traders: 27 : : 14 11 4 . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 21,555 27,218 8,216 1,880 230 2,460 0 0 0 3,441 300 : : : : Changes from: November 25, 2025 : : -1,310 -1,453 -285 -150 -30 -120 0 0 0 -140 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.0 77.0 23.3 5.3 0.7 7.0 0.0 0.0 0.0 9.7 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 December 2, 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 : : 21,585 27,188 8,216 1,880 230 2,460 0 0 0 3,441 300 : : : : Changes from: November 25, 2025 : : -1,305 -1,448 -285 -150 -30 -120 0 0 0 -140 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.1 77.0 23.3 5.3 0.7 7.0 0.0 0.0 0.0 9.7 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 December 2, 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 112,772 : : Positions : : 61,741 46,224 15,556 27,525 2,500 2,360 4,670 780 1,241 1,930 4,835 : : : : Changes from: November 25, 2025 : : -3,062 -2,933 -1,501 -1,749 -585 85 15 -160 -408 -195 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.7 41.0 13.8 24.4 2.2 2.1 4.1 0.7 1.1 1.7 4.3 : : : : Number of Traders in Each Category Total Traders: 35 : : 13 17 . 4 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 111,477 : : Positions : : 61,200 47,695 15,520 26,779 2,362 2,815 4,070 635 1,423 1,930 4,748 : : : : Changes from: November 25, 2025 : : -3,351 -2,842 -1,554 -2,252 -22 110 90 -210 -423 -195 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.9 42.8 13.9 24.0 2.1 2.5 3.7 0.6 1.3 1.7 4.3 : : : : Number of Traders in Each Category Total Traders: 35 : : 13 17 . 4 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 11,988 : : Positions : : 6,569 10,264 1,395 480 45 1,500 0 0 510 0 120 : : : : Changes from: November 25, 2025 : : -104 -74 -25 15 -15 340 0 0 -85 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.8 85.6 11.6 4.0 0.4 12.5 0.0 0.0 4.3 0.0 1.0 : : : : 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 December 2, 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 11,988 : : Positions : : 6,554 10,249 1,395 480 45 1,500 0 0 510 0 120 : : : : Changes from: November 25, 2025 : : -119 -89 -25 15 -15 340 0 0 -85 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.7 85.5 11.6 4.0 0.4 12.5 0.0 0.0 4.3 0.0 1.0 : : : : 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 December 2, 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 : : 20,508 23,565 2,500 415 865 1,600 50 0 1,115 1,740 1,108 : : : : Changes from: November 25, 2025 : : -1,130 -1,245 -105 -140 0 -50 0 0 -140 -75 -68 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.0 77.0 8.2 1.4 2.8 5.2 0.2 0.0 3.6 5.7 3.6 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 4 . . 5 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 20,375 23,430 2,330 310 1,040 1,600 50 0 1,115 1,740 1,108 : : : : Changes from: November 25, 2025 : : -1,120 -1,230 -80 -120 -25 -50 0 0 -140 -75 -68 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.5 76.4 7.6 1.0 3.4 5.2 0.2 0.0 3.6 5.7 3.6 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 4 4 . 5 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 9,130 5,835 1,480 3,590 1,045 200 340 260 690 1,800 0 : : : : Changes from: November 25, 2025 : : -645 -530 370 -80 -455 -85 10 -10 -260 -25 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.9 38.9 9.9 23.9 7.0 1.3 2.3 1.7 4.6 12.0 0.0 : : : : Number of Traders in Each Category Total Traders: 22 : : 13 8 . 4 4 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 9,255 6,070 2,130 4,125 655 200 355 245 690 1,800 0 : : : : Changes from: November 25, 2025 : : -570 -545 295 -60 -380 -85 -5 0 -260 -25 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.4 39.6 13.9 26.9 4.3 1.3 2.3 1.6 4.5 11.7 0.0 : : : : Number of Traders in Each Category Total Traders: 22 : : 13 7 . . 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 26,925 23,712 370 5,408 1,700 3,320 4,265 0 1,895 0 587 : : : : Changes from: November 25, 2025 : : -1,085 -762 -25 -373 -50 -85 -75 0 50 0 -135 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.4 61.1 1.0 13.9 4.4 8.6 11.0 0.0 4.9 0.0 1.5 : : : : 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 December 2, 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 37,185 : : Positions : : 26,195 22,262 100 5,463 1,740 3,320 4,265 0 1,578 0 602 : : : : Changes from: November 25, 2025 : : -1,045 -672 -25 -433 -55 -85 -75 0 -27 -59 -58 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.4 59.9 0.3 14.7 4.7 8.9 11.5 0.0 4.2 0.0 1.6 : : : : Number of Traders in Each Category Total Traders: 28 : : 14 10 . 5 . . . 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 19,395 10,645 341 7,010 631 0 2,265 335 200 785 430 : : : : Changes from: November 25, 2025 : : -1,530 -845 -147 -380 0 0 -155 -35 0 -360 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.4 43.0 1.4 28.3 2.6 0.0 9.2 1.4 0.8 3.2 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 December 2, 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 : : 19,440 10,735 326 7,010 606 0 2,265 335 200 715 500 : : : : Changes from: November 25, 2025 : : -1,565 -865 -142 -380 -5 0 -155 -35 0 -360 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.3 43.3 1.3 28.2 2.4 0.0 9.1 1.3 0.8 2.9 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 December 2, 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 : : 37,702 51,044 17,406 4,990 1,705 0 100 0 1,080 45 0 : : : : Changes from: November 25, 2025 : : -1,547 -1,573 -660 -670 -105 0 -50 0 -105 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 56.8 77.0 26.2 7.5 2.6 0.0 0.2 0.0 1.6 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 29 : : 11 15 5 . 4 0 . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 36,384 48,021 16,731 5,510 1,595 0 100 0 570 45 0 : : : : Changes from: November 25, 2025 : : -1,128 -1,220 -706 -565 -15 0 -50 0 -20 0 -15 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.5 75.9 26.4 8.7 2.5 0.0 0.2 0.0 0.9 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 28 : : 11 14 5 . 4 0 . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 152,546 : : Positions : : 72,945 124,981 13,279 10,670 2,560 2,925 1,145 0 47,455 100 0 : : : : Changes from: November 25, 2025 : : -4,280 -5,234 -763 -470 -150 -270 140 0 -230 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.8 81.9 8.7 7.0 1.7 1.9 0.8 0.0 31.1 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 December 2, 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 154,689 : : Positions : : 69,217 127,524 13,210 10,445 2,815 2,900 1,170 0 53,620 100 3 : : : : Changes from: November 25, 2025 : : -4,000 -4,970 -799 -430 -145 -245 115 0 -220 0 -3 : : : : Percent of Open Interest Represented by Each Category of Trader : : 44.7 82.4 8.5 6.8 1.8 1.9 0.8 0.0 34.7 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 December 2, 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 25,820 : : Positions : : 5,082 16,966 874 5,482 780 1,020 0 0 14,627 0 0 : : : : Changes from: November 25, 2025 : : -225 -1,470 -245 -287 325 -90 0 0 -1,137 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 19.7 65.7 3.4 21.2 3.0 4.0 0.0 0.0 56.6 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 27 : : 13 8 . 4 . . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 25,840 : : Positions : : 5,147 16,941 814 5,482 805 1,020 0 0 14,627 0 0 : : : : Changes from: November 25, 2025 : : -315 -1,545 -235 -287 325 -90 0 0 -1,137 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 19.9 65.6 3.2 21.2 3.1 3.9 0.0 0.0 56.6 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 27 : : 13 8 . 4 . . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 23,735 : : Positions : : 15,785 8,110 1,175 4,570 275 1,560 1,980 200 0 4,300 1,775 : : : : Changes from: November 25, 2025 : : -590 -620 -65 -290 -120 0 -50 0 0 270 -270 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.5 34.2 5.0 19.3 1.2 6.6 8.3 0.8 0.0 18.1 7.5 : : : : Number of Traders in Each Category Total Traders: 27 : : 14 9 . 4 . . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 23,700 : : Positions : : 15,785 8,070 1,160 4,570 275 1,560 1,980 200 0 4,300 1,775 : : : : Changes from: November 25, 2025 : : -600 -590 -50 -290 -120 0 -50 0 0 270 -270 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.6 34.1 4.9 19.3 1.2 6.6 8.4 0.8 0.0 18.1 7.5 : : : : Number of Traders in Each Category Total Traders: 27 : : 14 9 . 4 . . . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 63,505 : : Positions : : 41,139 35,398 14,130 18,958 590 90 340 1,085 0 1,620 325 : : : : Changes from: November 25, 2025 : : -2,804 -2,535 -400 -634 0 -135 -75 40 0 -150 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.8 55.7 22.3 29.9 0.9 0.1 0.5 1.7 0.0 2.6 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 December 2, 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 64,404 : : Positions : : 41,585 36,933 14,265 18,784 515 90 340 1,085 0 863 685 : : : : Changes from: November 25, 2025 : : -2,735 -2,325 -315 -660 -25 -85 -75 40 0 -153 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.6 57.3 22.1 29.2 0.8 0.1 0.5 1.7 0.0 1.3 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 December 2, 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 81,239 : : Positions : : 52,109 40,633 3,636 17,510 3,398 2,285 150 310 3,700 3,520 2,275 : : : : Changes from: November 25, 2025 : : -2,489 -1,551 -126 -589 -248 -35 -75 -15 -215 -660 50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.1 50.0 4.5 21.6 4.2 2.8 0.2 0.4 4.6 4.3 2.8 : : : : Number of Traders in Each Category Total Traders: 35 : : 20 14 . 4 4 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 79,025 : : Positions : : 50,274 39,038 3,386 17,360 3,216 2,285 150 310 3,515 2,995 2,275 : : : : Changes from: November 25, 2025 : : -2,424 -1,406 194 -354 -448 -35 -75 -15 -185 -625 30 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.6 49.4 4.3 22.0 4.1 2.9 0.2 0.4 4.4 3.8 2.9 : : : : Number of Traders in Each Category Total Traders: 35 : : 20 14 . 4 4 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 280,007 : : Positions : : 182,944 119,201 14,637 26,842 5,749 5,870 0 4,785 2,062 59,262 2,494 : : : : Changes from: November 25, 2025 : : -7,597 -6,355 946 413 -571 -595 0 -10 -238 -1,507 50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.3 42.6 5.2 9.6 2.1 2.1 0.0 1.7 0.7 21.2 0.9 : : : : Number of Traders in Each Category Total Traders: 50 : : 22 28 5 . 6 . 0 . . 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 276,510 : : Positions : : 185,016 112,226 14,749 24,531 5,003 5,225 3,790 3,495 1,992 66,162 1,607 : : : : Changes from: November 25, 2025 : : -6,331 -5,928 810 607 -357 -700 310 -245 -182 -1,377 -20 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.9 40.6 5.3 8.9 1.8 1.9 1.4 1.3 0.7 23.9 0.6 : : : : Number of Traders in Each Category Total Traders: 49 : : 19 28 4 4 8 . . . 4 4 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 25, 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 December 2, 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 33,033 : : Positions : : 24,645 14,373 1,988 6,750 3,432 1,600 0 0 0 6,980 230 : : : : Changes from: November 25, 2025 : : 10 10 0 0 0 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 December 2, 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 91,452 : : Positions : : 42,255 70,358 7,120 3,617 4,685 1,070 1,220 1,340 24,877 285 73 : : : : Changes from: November 25, 2025 : : -210 490 600 -200 -161 0 0 0 0 100 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 46.2 76.9 7.8 4.0 5.1 1.2 1.3 1.5 27.2 0.3 0.1 : : : : Number of Traders in Each Category Total Traders: 37 : : 19 18 4 4 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 91,355 : : Positions : : 43,183 70,891 6,708 905 6,548 675 1,545 1,690 22,970 185 180 : : : : Changes from: November 25, 2025 : : 120 420 300 0 30 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.3 77.6 7.3 1.0 7.2 0.7 1.7 1.8 25.1 0.2 0.2 : : : : Number of Traders in Each Category Total Traders: 37 : : 16 17 4 4 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 2, 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 : : 51,135 56,841 10,465 5,275 3,020 450 1,295 780 1,510 120 120 : : : : Changes from: November 25, 2025 : : -50 0 50 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.9 76.6 14.1 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 December 2, 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 25, 2025 : : 0 0 0 0 0 0 0 0 0 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 December 2, 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 240,628 : : Positions : : 109,761 161,922 62,208 7,160 13,195 2,400 6,040 2,995 20,810 19,927 833 : : : : Changes from: November 25, 2025 : : 1,325 1,765 -140 0 -190 600 0 0 100 120 -20 : : : : Percent of Open Interest Represented by Each Category of Trader : : 45.6 67.3 25.9 3.0 5.5 1.0 2.5 1.2 8.6 8.3 0.3 : : : : 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 December 2, 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 213,034 : : Positions : : 95,713 133,545 47,353 16,886 9,423 3,920 3,030 2,280 26,418 19,997 973 : : : : Changes from: November 25, 2025 : : -265 -925 -1,320 -660 114 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 44.9 62.7 22.2 7.9 4.4 1.8 1.4 1.1 12.4 9.4 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 December 2, 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 87,109 : : Positions : : 65,609 53,795 491 11,530 4,929 265 0 775 2,050 3,100 50 : : : : Changes from: November 25, 2025 : : 520 640 0 -120 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.3 61.8 0.6 13.2 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 December 2, 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 83,633 : : Positions : : 69,504 59,050 356 8,290 5,104 50 0 0 0 2,400 0 : : : : Changes from: November 25, 2025 : : -20 100 0 -120 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.1 70.6 0.4 9.9 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 December 2, 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 25, 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 December 2, 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 1,694 130 1,540 80 710 305 1,600 0 225 200 : : : : Changes from: November 25, 2025 : : 0 -74 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.9 29.6 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 December 2, 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 2,684 800 2,470 200 710 305 1,600 0 225 200 : : : : Changes from: November 25, 2025 : : 0 -64 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.8 34.6 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 December 2, 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 25, 2025 : : 0 0 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 17, 2025