Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 39,734 : : Positions : : 25,950 30,375 6,215 1,412 2,500 1,844 3,392 485 1,703 75 952 : : : : Changes from: December 2, 2025 : : -1,805 -2,433 1,138 -90 -63 520 580 222 -1,468 -20 287 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.3 76.4 15.6 3.6 6.3 4.6 8.5 1.2 4.3 0.2 2.4 : : : : Number of Traders in Each Category Total Traders: 53 : : 24 23 . . 4 . 7 4 7 . 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 26,665 : : Positions : : 18,502 20,369 3,579 633 2,267 759 1,161 489 370 984 637 : : : : Changes from: December 2, 2025 : : -189 -1,769 -1,183 45 309 564 319 332 -307 270 264 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.4 76.4 13.4 2.4 8.5 2.8 4.4 1.8 1.4 3.7 2.4 : : : : Number of Traders in Each Category Total Traders: 41 : : 21 22 4 . . . . . . 4 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 255,384 : : Positions : : 110,992 140,351 5,870 65,755 10,448 59,197 1,917 12,983 39,738 8,081 15,210 : : : : Changes from: December 2, 2025 : : -279 -7,181 -336 -1,585 -294 -4,705 -1,097 -1,317 -2,522 526 1,793 : : : : Percent of Open Interest Represented by Each Category of Trader : : 43.5 55.0 2.3 25.7 4.1 23.2 0.8 5.1 15.6 3.2 6.0 : : : : Number of Traders in Each Category Total Traders: 85 : : 35 30 . 6 6 23 . 12 8 6 11 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 92,123 : : Positions : : 64,922 54,128 10,618 18,695 2,168 3,964 7,119 4,973 2,742 2,582 2,395 : : : : Changes from: December 2, 2025 : : -2,218 1,587 -186 -1,580 -91 765 600 -708 1,412 -792 -522 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.5 58.8 11.5 20.3 2.4 4.3 7.7 5.4 3.0 2.8 2.6 : : : : Number of Traders in Each Category Total Traders: 63 : : 26 25 5 4 7 5 7 7 6 5 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 72,959 : : Positions : : 48,549 34,134 8,554 13,530 4,866 517 10,807 4,006 1,550 770 4,781 : : : : Changes from: December 2, 2025 : : -1,388 -3,004 -503 -565 -180 -372 -687 -277 -1,812 172 913 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.5 46.8 11.7 18.5 6.7 0.7 14.8 5.5 2.1 1.1 6.6 : : : : Number of Traders in Each Category Total Traders: 48 : : 21 22 5 4 6 . 4 4 5 . 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 59,634 : : Positions : : 28,072 33,817 965 11,614 3,063 2,497 887 6,602 17,530 2,704 717 : : : : Changes from: December 2, 2025 : : -1,440 1,617 -382 116 -210 -20 -157 162 3,558 203 -176 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.1 56.7 1.6 19.5 5.1 4.2 1.5 11.1 29.4 4.5 1.2 : : : : Number of Traders in Each Category Total Traders: 40 : : 19 22 . 5 7 . . . . 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 62,062 : : Positions : : 31,586 31,158 2,711 6,994 4,881 2,758 12,789 1,811 16,957 3,114 1,117 : : : : Changes from: December 2, 2025 : : -3,099 -440 -528 925 -357 267 -2,177 -941 2,930 244 -625 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.9 50.2 4.4 11.3 7.9 4.4 20.6 2.9 27.3 5.0 1.8 : : : : Number of Traders in Each Category Total Traders: 57 : : 22 23 5 5 7 8 7 4 . 7 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 48,272 : : Positions : : 37,338 12,494 5,798 15,452 666 920 3,224 245 1,651 15,236 701 : : : : Changes from: December 2, 2025 : : -1,298 -1,167 -534 -1,407 -23 0 246 -176 -85 -400 -65 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.3 25.9 12.0 32.0 1.4 1.9 6.7 0.5 3.4 31.6 1.5 : : : : Number of Traders in Each Category Total Traders: 49 : : 23 16 4 5 5 . . . 4 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- AEP DAYTON HUB DA PEAK DAILY - ICE FUTURES ENERGY DIV (Contracts of about 16 MWh) : CFTC Code #06439E Open Interest is 2,000 : : Positions : : 1,600 1,500 250 250 0 100 0 0 50 200 0 : : : : Changes from: December 2, 2025 : : . . . . . . . . . . . : : : : Percent of Open Interest Represented by Each Category of Trader : : 80.0 75.0 12.5 12.5 0.0 5.0 0.0 0.0 2.5 10.0 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 8 10 . . 0 . 0 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 57,278 : : Positions : : 45,644 18,210 6,598 17,030 538 920 3,980 245 2,114 16,180 841 : : : : Changes from: December 2, 2025 : : -1,422 -1,168 -559 -1,165 -64 0 231 -110 -176 -513 -47 : : : : Percent of Open Interest Represented by Each Category of Trader : : 79.7 31.8 11.5 29.7 0.9 1.6 6.9 0.4 3.7 28.2 1.5 : : : : Number of Traders in Each Category Total Traders: 57 : : 25 15 6 5 6 . 4 . 5 7 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MISO INDIANA OFF-PEAK - ICE FUTURES ENERGY DIV (Contracts of about 352 MWh) : CFTC Code #06439K Open Interest is 15,807 : : Positions : : 12,464 12,480 846 202 1,736 0 165 275 0 715 200 : : : : Changes from: December 2, 2025 : : -161 -919 -886 -40 712 0 -100 0 -50 -31 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.9 79.0 5.4 1.3 11.0 0.0 1.0 1.7 0.0 4.5 1.3 : : : : Number of Traders in Each Category Total Traders: 27 : : 17 13 4 . . 0 . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 33,270 : : Positions : : 27,050 18,585 1,342 2,569 3,260 1,340 1,567 15 0 7,254 0 : : : : Changes from: December 2, 2025 : : -174 -610 -328 -240 90 -200 -100 0 0 311 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 81.3 55.9 4.0 7.7 9.8 4.0 4.7 0.0 0.0 21.8 0.0 : : : : Number of Traders in Each Category Total Traders: 27 : : 17 13 . 4 5 . . . 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 40,346 : : Positions : : 24,206 30,730 5,050 3,994 2,947 2,201 0 1,200 4,110 1,115 240 : : : : Changes from: December 2, 2025 : : -876 -1,014 -240 -398 -9 -301 0 0 0 -25 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.0 76.2 12.5 9.9 7.3 5.5 0.0 3.0 10.2 2.8 0.6 : : : : Number of Traders in Each Category Total Traders: 31 : : 16 11 . 4 . . 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 37,459 : : Positions : : 22,723 28,857 3,541 3,790 3,122 2,201 0 1,200 4,360 250 240 : : : : Changes from: December 2, 2025 : : -881 -1,059 -227 -350 -68 -301 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.7 77.0 9.5 10.1 8.3 5.9 0.0 3.2 11.6 0.7 0.6 : : : : Number of Traders in Each Category Total Traders: 31 : : 16 10 . . . . 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 282,409 : : Positions : : 99,693 174,351 18,695 42,467 21,533 74,937 7,922 14,259 41,232 11,163 10,210 : : : : Changes from: December 2, 2025 : : -5,854 -6,436 -1,447 -543 -642 -2,815 -1,006 -1,723 1,484 -534 -1,161 : : : : Percent of Open Interest Represented by Each Category of Trader : : 35.3 61.7 6.6 15.0 7.6 26.5 2.8 5.0 14.6 4.0 3.6 : : : : Number of Traders in Each Category Total Traders: 106 : : 38 37 . 6 6 16 12 15 14 10 16 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 30,800 : : Positions : : 23,517 15,241 4,675 10,020 1,583 50 3,325 0 410 0 500 : : : : Changes from: December 2, 2025 : : -568 -623 -175 -79 -131 50 -25 0 -40 0 -5 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.4 49.5 15.2 32.5 5.1 0.2 10.8 0.0 1.3 0.0 1.6 : : : : Number of Traders in Each Category Total Traders: 26 : : 15 12 . 4 . . . 0 4 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 29,141 : : Positions : : 21,548 14,821 4,675 8,472 1,893 50 3,325 0 410 0 500 : : : : Changes from: December 2, 2025 : : -495 -723 -175 93 -153 50 -25 0 -40 0 -5 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.9 50.9 16.0 29.1 6.5 0.2 11.4 0.0 1.4 0.0 1.7 : : : : Number of Traders in Each Category Total Traders: 26 : : 15 12 . 4 . . . 0 4 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 31,752 : : Positions : : 18,094 25,576 10,092 0 1,773 300 2,837 400 900 911 0 : : : : Changes from: December 2, 2025 : : -56 -23 -70 0 -324 0 -187 0 0 -35 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.0 80.5 31.8 0.0 5.6 0.9 8.9 1.3 2.8 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 26 : : 14 13 5 0 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 31,655 : : Positions : : 18,164 25,539 9,990 0 1,713 300 2,837 400 900 911 0 : : : : Changes from: December 2, 2025 : : -186 2 80 0 -324 0 -187 0 0 -35 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.4 80.7 31.6 0.0 5.4 0.9 9.0 1.3 2.8 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 26 : : 14 13 5 0 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 6,500 : : Positions : : 2,300 700 0 50 50 150 3,600 850 2,850 950 300 : : : : Changes from: December 2, 2025 : : 900 -1,000 -1,600 50 50 -5,200 -3,300 850 1,800 -250 -200 : : : : Percent of Open Interest Represented by Each Category of Trader : : 35.4 10.8 0.0 0.8 0.8 2.3 55.4 13.1 43.8 14.6 4.6 : : : : Number of Traders in Each Category Total Traders: 22 : : 6 . 0 . . . . . 4 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 116,031 : : Positions : : 62,871 86,678 22,681 7,108 6,791 15,355 6,207 1,290 4,778 6,181 1,543 : : : : Changes from: December 2, 2025 : : -1,879 -3,140 -1,088 -170 -362 -675 -167 -234 -16 -219 -10 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.2 74.7 19.5 6.1 5.9 13.2 5.3 1.1 4.1 5.3 1.3 : : : : Number of Traders in Each Category Total Traders: 46 : : 17 21 4 . 5 . 5 . . 8 6 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 16,658 : : Positions : : 13,950 13,310 855 596 941 0 725 50 242 794 200 : : : : Changes from: December 2, 2025 : : 20 -765 -463 436 200 0 -50 0 0 -94 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.7 79.9 5.1 3.6 5.6 0.0 4.4 0.3 1.5 4.8 1.2 : : : : Number of Traders in Each Category Total Traders: 33 : : 20 15 4 . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 35,112 : : Positions : : 27,581 18,696 2,285 1,501 2,776 1,672 2,008 0 0 9,976 0 : : : : Changes from: December 2, 2025 : : -482 -768 104 -246 -121 -299 -116 0 -50 487 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 78.6 53.2 6.5 4.3 7.9 4.8 5.7 0.0 0.0 28.4 0.0 : : : : Number of Traders in Each Category Total Traders: 32 : : 18 14 . . 4 4 . 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 22,855 : : Positions : : 17,130 17,104 4,317 4,211 161 600 290 0 499 665 0 : : : : Changes from: December 2, 2025 : : -941 -399 13 -528 -125 0 -45 0 11 0 -125 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.0 74.8 18.9 18.4 0.7 2.6 1.3 0.0 2.2 2.9 0.0 : : : : Number of Traders in Each Category Total Traders: 32 : : 17 9 . 5 . . . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 23,089 : : Positions : : 17,727 19,418 3,788 1,979 318 600 0 0 484 1,024 0 : : : : Changes from: December 2, 2025 : : -1,154 -583 -43 -450 -48 0 -50 0 38 -105 -150 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.8 84.1 16.4 8.6 1.4 2.6 0.0 0.0 2.1 4.4 0.0 : : : : Number of Traders in Each Category Total Traders: 34 : : 18 15 . 5 . . 0 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 69,198 : : Positions : : 49,009 49,436 10,939 7,056 1,933 395 5,321 485 2,429 1,068 3,728 : : : : Changes from: December 2, 2025 : : -1,882 -1,557 -143 -548 -202 -1,085 -724 -403 66 -204 59 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.8 71.4 15.8 10.2 2.8 0.6 7.7 0.7 3.5 1.5 5.4 : : : : Number of Traders in Each Category Total Traders: 53 : : 23 20 5 4 5 . 5 4 . 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 90,719 : : Positions : : 65,323 68,476 11,873 6,488 2,871 1,117 7,996 1,309 5,872 1,582 1,782 : : : : Changes from: December 2, 2025 : : -3,135 198 -340 -292 -357 -1,240 -5,006 135 -517 87 -517 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.0 75.5 13.1 7.2 3.2 1.2 8.8 1.4 6.5 1.7 2.0 : : : : Number of Traders in Each Category Total Traders: 69 : : 25 24 6 4 7 7 9 7 4 8 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 40,940 : : Positions : : 22,754 24,759 14,505 600 947 1,286 8,733 696 446 5,070 135 : : : : Changes from: December 2, 2025 : : 3,395 -570 -1,646 0 -15 358 1,050 -207 -78 1,564 -69 : : : : Percent of Open Interest Represented by Each Category of Trader : : 55.6 60.5 35.4 1.5 2.3 3.1 21.3 1.7 1.1 12.4 0.3 : : : : Number of Traders in Each Category Total Traders: 40 : : 19 15 6 . . . 4 4 . 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 37,532 : : Positions : : 17,324 22,432 16,785 875 1,410 125 7,143 329 4 3,849 1,332 : : : : Changes from: December 2, 2025 : : 1,125 -819 -811 25 -68 0 311 -150 -557 297 727 : : : : Percent of Open Interest Represented by Each Category of Trader : : 46.2 59.8 44.7 2.3 3.8 0.3 19.0 0.9 0.0 10.3 3.5 : : : : Number of Traders in Each Category Total Traders: 36 : : 15 16 5 . . . 4 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 82,110 : : Positions : : 23,602 60,227 3,229 14,021 1,836 46,574 0 5,738 576 50 130 : : : : Changes from: December 2, 2025 : : -1,622 -1,192 -101 -107 -272 620 -120 -170 358 -50 -58 : : : : Percent of Open Interest Represented by Each Category of Trader : : 28.7 73.3 3.9 17.1 2.2 56.7 0.0 7.0 0.7 0.1 0.2 : : : : Number of Traders in Each Category Total Traders: 36 : : 21 17 . . 5 4 0 . 4 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 69,117 : : Positions : : 37,631 50,159 4,935 14,729 1,506 22,106 0 1,855 545 441 144 : : : : Changes from: December 2, 2025 : : -1,632 -2,153 -413 -724 -45 -703 -140 -1 370 -46 -20 : : : : Percent of Open Interest Represented by Each Category of Trader : : 54.4 72.6 7.1 21.3 2.2 32.0 0.0 2.7 0.8 0.6 0.2 : : : : Number of Traders in Each Category Total Traders: 37 : : 19 17 5 . 5 5 0 . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 7,517 : : Positions : : 3,195 5,285 1,734 730 563 10 350 50 1,486 0 0 : : : : Changes from: December 2, 2025 : : 440 -417 -155 412 -391 -105 -25 0 89 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 42.5 70.3 23.1 9.7 7.5 0.1 4.7 0.7 19.8 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 10 7 . . 5 . . . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 6,715 : : Positions : : 2,613 4,768 1,784 1,004 403 10 0 50 1,401 0 0 : : : : Changes from: December 2, 2025 : : 577 -325 44 425 -302 -200 -25 0 75 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 38.9 71.0 26.6 15.0 6.0 0.1 0.0 0.7 20.9 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 20 : : 8 8 4 . 4 . 0 . . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 32,461 : : Positions : : 25,926 22,860 875 3,686 1,629 2,123 1,656 161 25 1,157 1,088 : : : : Changes from: December 2, 2025 : : 95 93 -730 -146 -120 8 -162 -15 0 296 -107 : : : : Percent of Open Interest Represented by Each Category of Trader : : 79.9 70.4 2.7 11.4 5.0 6.5 5.1 0.5 0.1 3.6 3.4 : : : : Number of Traders in Each Category Total Traders: 37 : : 16 16 . 7 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 29,444 : : Positions : : 21,878 20,878 1,392 5,272 589 2,868 710 727 289 230 674 : : : : Changes from: December 2, 2025 : : 19 938 37 164 -265 -42 -255 40 -35 0 65 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.3 70.9 4.7 17.9 2.0 9.7 2.4 2.5 1.0 0.8 2.3 : : : : Number of Traders in Each Category Total Traders: 34 : : 17 11 4 4 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 25,434 : : Positions : : 19,391 9,123 1,540 7,035 1,945 1,216 5,941 41 0 528 711 : : : : Changes from: December 2, 2025 : : -728 -958 -205 -733 -607 -874 -434 5 0 -467 -6 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.2 35.9 6.1 27.7 7.6 4.8 23.4 0.2 0.0 2.1 2.8 : : : : Number of Traders in Each Category Total Traders: 39 : : 18 17 . 6 6 . 4 . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 19,317 : : Positions : : 14,871 8,364 929 5,108 1,997 721 2,876 15 206 430 215 : : : : Changes from: December 2, 2025 : : -726 -382 -125 -582 -34 -295 -306 -79 26 -30 -16 : : : : Percent of Open Interest Represented by Each Category of Trader : : 77.0 43.3 4.8 26.4 10.3 3.7 14.9 0.1 1.1 2.2 1.1 : : : : Number of Traders in Each Category Total Traders: 35 : : 16 17 . 7 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PALO VERDE DA PEAK - ICE FUTURES ENERGY DIV (Contracts of 400MWh) : CFTC Code #0643CB Open Interest is 14,981 : : Positions : : 7,811 8,968 4,746 3,521 797 0 729 511 956 0 110 : : : : Changes from: December 2, 2025 : : 796 280 15 -300 300 -45 715 45 -76 0 70 : : : : Percent of Open Interest Represented by Each Category of Trader : : 52.1 59.9 31.7 23.5 5.3 0.0 4.9 3.4 6.4 0.0 0.7 : : : : Number of Traders in Each Category Total Traders: 32 : : 17 15 4 . . 0 . . . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 12,489 : : Positions : : 6,228 7,185 5,079 3,641 795 75 843 0 70 0 0 : : : : Changes from: December 2, 2025 : : 179 480 328 -150 -35 0 174 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.9 57.5 40.7 29.2 6.4 0.6 6.7 0.0 0.6 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 30 : : 16 14 . . 4 . . 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 21,676 : : Positions : : 10,607 7,886 8,244 12,615 310 2,055 0 0 30 590 275 : : : : Changes from: December 2, 2025 : : -140 -187 -284 -785 0 0 0 0 -30 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 48.9 36.4 38.0 58.2 1.4 9.5 0.0 0.0 0.1 2.7 1.3 : : : : 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 9, 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 22,643 : : Positions : : 9,792 6,163 9,121 13,290 310 2,055 0 0 30 590 275 : : : : Changes from: December 2, 2025 : : -130 -554 -261 -820 0 -1,200 -50 0 -30 -50 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 43.2 27.2 40.3 58.7 1.4 9.1 0.0 0.0 0.1 2.6 1.2 : : : : Number of Traders in Each Category Total Traders: 23 : : 10 8 4 . . . 0 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 116,473 : : Positions : : 76,572 91,585 8,894 11,421 3,192 6,291 2,695 2,353 17,545 3,825 1,270 : : : : Changes from: December 2, 2025 : : -1,518 -953 -478 -591 198 -2,208 135 -465 -341 -1,218 -95 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.7 78.6 7.6 9.8 2.7 5.4 2.3 2.0 15.1 3.3 1.1 : : : : Number of Traders in Each Category Total Traders: 68 : : 31 23 6 5 6 6 4 . 5 7 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 125,786 : : Positions : : 75,753 98,379 12,968 13,202 3,559 7,052 2,583 2,960 21,652 3,538 1,416 : : : : Changes from: December 2, 2025 : : -2,250 2,114 3,475 -263 -537 -2,318 -502 -272 -551 -1,282 -161 : : : : Percent of Open Interest Represented by Each Category of Trader : : 60.2 78.2 10.3 10.5 2.8 5.6 2.1 2.4 17.2 2.8 1.1 : : : : Number of Traders in Each Category Total Traders: 81 : : 32 23 6 7 6 6 6 . 11 6 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 805,562 : : Positions : : 280,964 311,585 752 93,949 77,017 76,573 9,152 106,940 66,528 10,535 195,434 : : : : Changes from: December 2, 2025 : : 5,752 3,885 -1,461 -3,058 -327 90 545 -1,691 -2,673 -130 4,733 : : : : Percent of Open Interest Represented by Each Category of Trader : : 34.9 38.7 0.1 11.7 9.6 9.5 1.1 13.3 8.3 1.3 24.3 : : : : Number of Traders in Each Category Total Traders: 126 : : 43 37 4 6 9 34 7 23 20 10 20 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 5,167 : : Positions : : 3,337 3,445 588 760 432 500 150 0 0 25 0 : : : : Changes from: December 2, 2025 : : -545 -265 72 20 -122 0 0 0 0 -125 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.6 66.7 11.4 14.7 8.4 9.7 2.9 0.0 0.0 0.5 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 9 7 . . . . . 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 5,086 : : Positions : : 3,260 3,344 564 760 452 500 150 0 0 25 0 : : : : Changes from: December 2, 2025 : : -545 -248 72 20 -122 0 0 0 0 -125 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.1 65.7 11.1 14.9 8.9 9.8 2.9 0.0 0.0 0.5 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 9 7 . . . . . 0 0 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 7,288 : : Positions : : 6,926 3,828 50 2,815 0 0 65 245 0 295 25 : : : : Changes from: December 2, 2025 : : -590 -349 0 -290 0 0 0 0 0 25 -25 : : : : Percent of Open Interest Represented by Each Category of Trader : : 95.0 52.5 0.7 38.6 0.0 0.0 0.9 3.4 0.0 4.0 0.3 : : : : Number of Traders in Each Category Total Traders: 21 : : 13 8 . . 0 0 . . 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 12,850 : : Positions : : 4,205 11,896 5,170 0 75 3,075 90 115 0 409 195 : : : : Changes from: December 2, 2025 : : -750 -771 -490 0 0 -75 -205 0 0 -349 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 32.7 92.6 40.2 0.0 0.6 23.9 0.7 0.9 0.0 3.2 1.5 : : : : Number of Traders in Each Category Total Traders: 23 : : 9 9 . 0 . . . . 0 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 WEST HUB REAL TIME PK MINI - ICE FUTURES ENERGY DIV 16 MWh : CFTC Code #0643IA Open Interest is 3,875 : : Positions : : 1,230 1,105 150 0 0 270 350 315 775 965 400 : : : : Changes from: December 2, 2025 : : . . . . . . . . . . . : : : : Percent of Open Interest Represented by Each Category of Trader : : 31.7 28.5 3.9 0.0 0.0 7.0 9.0 8.1 20.0 24.9 10.3 : : : : Number of Traders in Each Category Total Traders: 27 : : 9 8 . 0 0 . . . 5 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 19,878 : : Positions : : 7,397 9,132 2,614 0 65 305 2,530 1,701 6,311 4,655 1,015 : : : : Changes from: December 2, 2025 : : 962 707 750 0 -115 -1,330 1,405 -380 1,985 525 855 : : : : Percent of Open Interest Represented by Each Category of Trader : : 37.2 45.9 13.2 0.0 0.3 1.5 12.7 8.6 31.7 23.4 5.1 : : : : Number of Traders in Each Category Total Traders: 54 : : 21 24 . 0 . . 4 4 6 12 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 121,963 : : Positions : : 84,002 82,608 14,413 16,543 4,413 6,422 496 2,444 7,953 13,233 1,918 : : : : Changes from: December 2, 2025 : : -4,545 -4,071 -255 -923 525 -265 355 -116 230 -75 -671 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.9 67.7 11.8 13.6 3.6 5.3 0.4 2.0 6.5 10.9 1.6 : : : : Number of Traders in Each Category Total Traders: 53 : : 27 25 . . 4 6 . 4 . 6 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 207,547 : : Positions : : 81,844 123,792 0 46,142 11,203 73,029 2,065 12,214 23,934 6,940 4,793 : : : : Changes from: December 2, 2025 : : -1,236 -4,210 0 56 -506 -4,500 -524 -669 731 -371 -1,130 : : : : Percent of Open Interest Represented by Each Category of Trader : : 39.4 59.6 0.0 22.2 5.4 35.2 1.0 5.9 11.5 3.3 2.3 : : : : Number of Traders in Each Category Total Traders: 61 : : 27 24 0 5 4 8 . 6 7 6 9 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 16,945 : : Positions : : 12,255 13,560 3,240 1,745 415 725 0 0 300 1,100 0 : : : : Changes from: December 2, 2025 : : -515 -580 120 55 -295 -125 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.3 80.0 19.1 10.3 2.4 4.3 0.0 0.0 1.8 6.5 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 9, 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 99,703 : : Positions : : 73,352 75,877 1,740 7,439 2,023 310 2,480 120 11,471 1,060 2,000 : : : : Changes from: December 2, 2025 : : 90 610 -50 -150 144 0 0 0 720 300 -380 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.6 76.1 1.7 7.5 2.0 0.3 2.5 0.1 11.5 1.1 2.0 : : : : Number of Traders in Each Category Total Traders: 33 : : 15 18 . 6 6 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 88,262 : : Positions : : 65,827 65,687 35 7,569 2,888 325 1,885 295 10,384 1,403 679 : : : : Changes from: December 2, 2025 : : 140 330 -50 -60 90 0 0 0 432 252 -456 : : : : Percent of Open Interest Represented by Each Category of Trader : : 74.6 74.4 0.0 8.6 3.3 0.4 2.1 0.3 11.8 1.6 0.8 : : : : 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 9, 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 24,237 : : Positions : : 17,544 16,010 3,537 770 113 0 2,049 0 0 1,390 660 : : : : Changes from: December 2, 2025 : : 295 270 25 50 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.4 66.1 14.6 3.2 0.5 0.0 8.5 0.0 0.0 5.7 2.7 : : : : Number of Traders in Each Category Total Traders: 22 : : 15 12 . . . 0 . 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 22,640 : : Positions : : 16,502 14,914 3,242 708 80 0 1,895 75 0 1,405 645 : : : : Changes from: December 2, 2025 : : 395 250 -95 50 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.9 65.9 14.3 3.1 0.4 0.0 8.4 0.3 0.0 6.2 2.8 : : : : 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 9, 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 40,584 : : Positions : : 29,381 8,786 1,230 10,787 3,102 495 280 635 0 11,372 999 : : : : Changes from: December 2, 2025 : : 20 -40 -25 -165 -52 0 0 0 0 200 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.4 21.6 3.0 26.6 7.6 1.2 0.7 1.6 0.0 28.0 2.5 : : : : 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 9, 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 37,124 : : Positions : : 28,261 8,519 990 10,227 2,478 495 795 25 0 10,109 917 : : : : Changes from: December 2, 2025 : : 165 80 -130 -220 -82 0 0 0 0 175 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.1 22.9 2.7 27.5 6.7 1.3 2.1 0.1 0.0 27.2 2.5 : : : : 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 9, 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 23,092 : : Positions : : 14,574 16,104 4,135 3,927 1,236 0 0 0 1,160 0 0 : : : : Changes from: December 2, 2025 : : 240 275 35 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.1 69.7 17.9 17.0 5.4 0.0 0.0 0.0 5.0 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 9, 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 21,788 : : Positions : : 14,119 14,775 3,471 3,617 1,511 0 0 0 850 0 70 : : : : Changes from: December 2, 2025 : : 240 275 -95 -130 10 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.8 67.8 15.9 16.6 6.9 0.0 0.0 0.0 3.9 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 9, 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 35,107 : : Positions : : 22,361 19,991 2,932 5,575 1,005 0 3,485 20 3,822 545 3,130 : : : : Changes from: December 2, 2025 : : 685 -776 249 855 73 0 60 0 -760 -25 180 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.7 56.9 8.4 15.9 2.9 0.0 9.9 0.1 10.9 1.6 8.9 : : : : Number of Traders in Each Category Total Traders: 28 : : 13 12 4 . 5 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 36,925 : : Positions : : 22,564 24,028 5,384 4,770 919 0 3,450 20 5,110 570 1,630 : : : : Changes from: December 2, 2025 : : 635 -881 249 825 92 0 60 0 -820 0 180 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.1 65.1 14.6 12.9 2.5 0.0 9.3 0.1 13.8 1.5 4.4 : : : : 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 9, 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 33,574 : : Positions : : 21,540 27,323 8,336 1,880 230 2,460 0 0 0 3,441 300 : : : : Changes from: December 2, 2025 : : -15 105 120 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.2 81.4 24.8 5.6 0.7 7.3 0.0 0.0 0.0 10.2 0.9 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 4 4 . . . 0 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 33,544 : : Positions : : 21,570 27,293 8,336 1,880 230 2,460 0 0 0 3,441 300 : : : : Changes from: December 2, 2025 : : -15 105 120 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 64.3 81.4 24.9 5.6 0.7 7.3 0.0 0.0 0.0 10.3 0.9 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 4 4 . . . 0 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 109,415 : : Positions : : 64,326 46,854 15,881 28,180 2,550 3,135 7,070 395 1,241 1,930 4,835 : : : : Changes from: December 2, 2025 : : 2,585 630 325 655 50 775 2,400 -385 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.8 42.8 14.5 25.8 2.3 2.9 6.5 0.4 1.1 1.8 4.4 : : : : Number of Traders in Each Category Total Traders: 35 : : 13 16 . 4 5 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 106,071 : : Positions : : 61,775 48,715 15,845 27,434 2,412 3,590 4,070 250 1,423 1,930 4,748 : : : : Changes from: December 2, 2025 : : 575 1,020 325 655 50 775 0 -385 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.2 45.9 14.9 25.9 2.3 3.4 3.8 0.2 1.3 1.8 4.5 : : : : 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 9, 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 11,369 : : Positions : : 6,569 10,264 1,395 480 45 1,500 0 0 510 0 120 : : : : Changes from: December 2, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.8 90.3 12.3 4.2 0.4 13.2 0.0 0.0 4.5 0.0 1.1 : : : : Number of Traders in Each Category Total Traders: 20 : : 13 6 . . . . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 11,354 : : Positions : : 6,554 10,249 1,395 480 45 1,500 0 0 510 0 120 : : : : Changes from: December 2, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 57.7 90.3 12.3 4.2 0.4 13.2 0.0 0.0 4.5 0.0 1.1 : : : : Number of Traders in Each Category Total Traders: 20 : : 13 6 . . . . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 28,828 : : Positions : : 20,478 23,285 2,410 615 705 1,600 50 0 1,175 1,760 1,108 : : : : Changes from: December 2, 2025 : : -30 -280 -90 200 -160 0 0 0 60 20 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.0 80.8 8.4 2.1 2.4 5.6 0.2 0.0 4.1 6.1 3.8 : : : : 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 9, 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 28,890 : : Positions : : 20,345 23,150 2,140 410 980 1,600 50 0 1,175 1,760 1,108 : : : : Changes from: December 2, 2025 : : -30 -280 -190 100 -60 0 0 0 60 20 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 70.4 80.1 7.4 1.4 3.4 5.5 0.2 0.0 4.1 6.1 3.8 : : : : 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 9, 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 14,005 : : Positions : : 8,735 6,165 1,480 3,500 895 500 340 260 965 1,800 0 : : : : Changes from: December 2, 2025 : : -395 330 0 -90 -150 300 0 0 275 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 62.4 44.0 10.6 25.0 6.4 3.6 2.4 1.9 6.9 12.9 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 12 8 . 4 4 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 14,435 : : Positions : : 8,860 6,400 2,130 4,035 505 500 355 245 965 1,800 0 : : : : Changes from: December 2, 2025 : : -395 330 0 -90 -150 300 0 0 275 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 61.4 44.3 14.8 28.0 3.5 3.5 2.5 1.7 6.7 12.5 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 12 7 . . 5 . . . . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 37,344 : : Positions : : 26,895 23,612 370 5,428 1,700 3,320 4,265 0 1,845 0 637 : : : : Changes from: December 2, 2025 : : -30 -100 0 20 0 0 0 0 -50 0 50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.0 63.2 1.0 14.5 4.6 8.9 11.4 0.0 4.9 0.0 1.7 : : : : 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 9, 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 35,765 : : Positions : : 26,155 22,162 100 5,473 1,740 3,320 4,265 0 1,528 0 652 : : : : Changes from: December 2, 2025 : : -40 -100 0 10 0 0 0 0 -50 0 50 : : : : Percent of Open Interest Represented by Each Category of Trader : : 73.1 62.0 0.3 15.3 4.9 9.3 11.9 0.0 4.3 0.0 1.8 : : : : 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 9, 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 23,550 : : Positions : : 19,340 10,645 296 7,225 591 0 2,590 335 540 855 430 : : : : Changes from: December 2, 2025 : : -55 0 -45 215 -40 0 325 0 340 70 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 82.1 45.2 1.3 30.7 2.5 0.0 11.0 1.4 2.3 3.6 1.8 : : : : Number of Traders in Each Category Total Traders: 24 : : 14 8 . . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 23,824 : : Positions : : 19,560 10,910 286 7,230 596 0 2,590 335 540 785 500 : : : : Changes from: December 2, 2025 : : 120 175 -40 220 -10 0 325 0 340 70 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 82.1 45.8 1.2 30.3 2.5 0.0 10.9 1.4 2.3 3.3 2.1 : : : : Number of Traders in Each Category Total Traders: 24 : : 14 9 . . . 0 . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 64,117 : : Positions : : 38,075 51,407 17,556 5,150 1,680 0 100 0 1,080 45 0 : : : : Changes from: December 2, 2025 : : 373 363 150 160 -25 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.4 80.2 27.4 8.0 2.6 0.0 0.2 0.0 1.7 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 9, 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 61,624 : : Positions : : 36,787 48,414 16,881 5,670 1,570 0 100 0 570 45 0 : : : : Changes from: December 2, 2025 : : 403 393 150 160 -25 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 59.7 78.6 27.4 9.2 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 9, 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 146,257 : : Positions : : 74,205 125,151 13,089 11,570 2,150 2,925 1,145 0 47,455 100 0 : : : : Changes from: December 2, 2025 : : 1,260 170 -190 900 -410 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.7 85.6 8.9 7.9 1.5 2.0 0.8 0.0 32.4 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 36 : : 20 12 . . 4 . . 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 148,541 : : Positions : : 70,332 127,649 13,020 11,245 2,405 2,900 1,170 0 53,620 100 3 : : : : Changes from: December 2, 2025 : : 1,115 125 -190 800 -410 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.3 85.9 8.8 7.6 1.6 2.0 0.8 0.0 36.1 0.1 0.0 : : : : Number of Traders in Each Category Total Traders: 36 : : 20 12 . . 4 . . 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 23,961 : : Positions : : 4,842 16,666 1,817 5,435 630 1,020 0 0 13,487 0 200 : : : : Changes from: December 2, 2025 : : -240 -300 943 -47 -150 0 0 0 -1,140 0 200 : : : : Percent of Open Interest Represented by Each Category of Trader : : 20.2 69.6 7.6 22.7 2.6 4.3 0.0 0.0 56.3 0.0 0.8 : : : : Number of Traders in Each Category Total Traders: 27 : : 13 9 4 . . . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 23,936 : : Positions : : 4,932 16,636 1,732 5,435 630 1,020 0 0 13,487 0 200 : : : : Changes from: December 2, 2025 : : -215 -305 918 -47 -175 0 0 0 -1,140 0 200 : : : : Percent of Open Interest Represented by Each Category of Trader : : 20.6 69.5 7.2 22.7 2.6 4.3 0.0 0.0 56.3 0.0 0.8 : : : : Number of Traders in Each Category Total Traders: 26 : : 13 8 4 . . . 0 0 . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 22,690 : : Positions : : 15,750 8,395 1,455 4,650 275 1,810 1,980 200 0 4,430 1,645 : : : : Changes from: December 2, 2025 : : -35 285 280 80 0 250 0 0 0 130 -130 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.4 37.0 6.4 20.5 1.2 8.0 8.7 0.9 0.0 19.5 7.2 : : : : 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 9, 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 22,670 : : Positions : : 15,750 8,355 1,440 4,650 275 1,810 1,980 200 0 4,430 1,645 : : : : Changes from: December 2, 2025 : : -35 285 280 80 0 250 0 0 0 130 -130 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.5 36.9 6.4 20.5 1.2 8.0 8.7 0.9 0.0 19.5 7.3 : : : : 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 9, 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 60,479 : : Positions : : 41,579 35,733 14,270 19,303 490 90 340 1,085 0 1,520 325 : : : : Changes from: December 2, 2025 : : 440 335 140 345 -100 0 0 0 0 -100 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.7 59.1 23.6 31.9 0.8 0.1 0.6 1.8 0.0 2.5 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 9, 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 61,634 : : Positions : : 42,025 37,268 14,405 19,129 515 90 340 1,085 0 763 685 : : : : Changes from: December 2, 2025 : : 440 335 140 345 0 0 0 0 0 -100 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.2 60.5 23.4 31.0 0.8 0.1 0.6 1.8 0.0 1.2 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 9, 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 78,676 : : Positions : : 52,943 41,732 4,016 18,060 3,323 2,245 150 350 3,800 3,145 2,280 : : : : Changes from: December 2, 2025 : : 834 1,099 380 550 -75 -40 0 40 100 -375 5 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.3 53.0 5.1 23.0 4.2 2.9 0.2 0.4 4.8 4.0 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 9, 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 76,261 : : Positions : : 50,942 39,851 3,866 17,910 3,136 2,245 150 350 3,395 2,620 2,390 : : : : Changes from: December 2, 2025 : : 668 813 480 550 -80 -40 0 40 -120 -375 115 : : : : Percent of Open Interest Represented by Each Category of Trader : : 66.8 52.3 5.1 23.5 4.1 2.9 0.2 0.5 4.5 3.4 3.1 : : : : 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 9, 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 268,590 : : Positions : : 183,474 121,571 15,841 27,341 5,341 5,075 20 4,845 2,132 57,382 2,944 : : : : Changes from: December 2, 2025 : : 530 2,370 1,204 499 -408 -795 20 60 70 -1,880 450 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.3 45.3 5.9 10.2 2.0 1.9 0.0 1.8 0.8 21.4 1.1 : : : : Number of Traders in Each Category Total Traders: 50 : : 23 28 4 4 6 . . . . 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 265,437 : : Positions : : 185,181 114,296 15,979 25,241 4,578 4,450 3,800 3,565 2,062 64,062 2,172 : : : : Changes from: December 2, 2025 : : 165 2,070 1,230 710 -425 -775 10 70 70 -2,100 565 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.8 43.1 6.0 9.5 1.7 1.7 1.4 1.3 0.8 24.1 0.8 : : : : 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 9, 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 34,040 : : Positions : : 24,281 12,334 1,850 8,217 3,758 1,550 130 0 0 7,055 390 : : : : Changes from: December 2, 2025 : : -386 -934 0 578 -198 -50 0 0 0 55 -90 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.3 36.2 5.4 24.1 11.0 4.6 0.4 0.0 0.0 20.7 1.1 : : : : Number of Traders in Each Category Total Traders: 21 : : 11 11 4 . . . . 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 32,321 : : Positions : : 24,243 13,565 1,973 7,051 3,351 1,550 0 0 0 7,060 115 : : : : Changes from: December 2, 2025 : : -402 -808 -15 301 -81 -50 0 0 0 80 -115 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.0 42.0 6.1 21.8 10.4 4.8 0.0 0.0 0.0 21.8 0.4 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 13 4 . . . 0 0 0 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 89,442 : : Positions : : 39,709 69,096 7,375 3,408 4,270 3,440 1,885 835 23,932 230 28 : : : : Changes from: December 2, 2025 : : -2,546 -1,262 255 -209 -415 2,370 665 -505 -945 -55 -45 : : : : Percent of Open Interest Represented by Each Category of Trader : : 44.4 77.3 8.2 3.8 4.8 3.8 2.1 0.9 26.8 0.3 0.0 : : : : 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 9, 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 89,580 : : Positions : : 42,616 69,033 6,772 820 6,089 650 2,265 1,360 22,215 130 120 : : : : Changes from: December 2, 2025 : : -567 -1,858 64 -85 -459 -25 720 -330 -755 -55 -60 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.6 77.1 7.6 0.9 6.8 0.7 2.5 1.5 24.8 0.1 0.1 : : : : Number of Traders in Each Category Total Traders: 37 : : 17 17 4 4 7 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 71,925 : : Positions : : 49,499 54,796 9,635 5,101 2,815 450 1,170 780 1,535 150 60 : : : : Changes from: December 2, 2025 : : -1,636 -2,045 -830 -174 -205 0 -125 0 25 30 -60 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.8 76.2 13.4 7.1 3.9 0.6 1.6 1.1 2.1 0.2 0.1 : : : : Number of Traders in Each Category Total Traders: 28 : : 16 13 . 5 4 . . . . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 69,487 : : Positions : : 43,161 55,843 13,040 3,056 2,015 2,050 1,045 980 1,555 150 30 : : : : Changes from: December 2, 2025 : : -1,262 -1,195 -60 90 -540 0 -125 0 -55 30 -30 : : : : Percent of Open Interest Represented by Each Category of Trader : : 62.1 80.4 18.8 4.4 2.9 3.0 1.5 1.4 2.2 0.2 0.0 : : : : 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 9, 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 232,089 : : Positions : : 104,703 157,058 61,528 6,824 12,064 3,300 5,350 2,395 20,832 21,011 581 : : : : Changes from: December 2, 2025 : : -5,058 -4,864 -680 -336 -1,131 900 -690 -600 22 1,084 -252 : : : : Percent of Open Interest Represented by Each Category of Trader : : 45.1 67.7 26.5 2.9 5.2 1.4 2.3 1.0 9.0 9.1 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 9, 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 205,429 : : Positions : : 90,368 128,182 46,833 17,538 9,301 4,890 2,340 1,455 26,346 20,439 838 : : : : Changes from: December 2, 2025 : : -5,345 -5,363 -520 652 -122 970 -690 -825 -72 442 -135 : : : : Percent of Open Interest Represented by Each Category of Trader : : 44.0 62.4 22.8 8.5 4.5 2.4 1.1 0.7 12.8 9.9 0.4 : : : : 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 9, 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 82,139 : : Positions : : 62,969 52,165 1,131 10,765 3,929 0 750 25 2,025 2,450 50 : : : : Changes from: December 2, 2025 : : -2,640 -1,630 640 -765 -1,000 -265 750 -750 -25 -650 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 76.7 63.5 1.4 13.1 4.8 0.0 0.9 0.0 2.5 3.0 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 9, 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 80,673 : : Positions : : 67,384 57,135 811 8,510 4,304 25 0 0 0 2,400 0 : : : : Changes from: December 2, 2025 : : -2,120 -1,915 455 220 -800 -25 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.5 70.8 1.0 10.5 5.3 0.0 0.0 0.0 0.0 3.0 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 9, 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 31,375 : : Positions : : 17,690 25,220 2,600 4,200 175 550 0 0 8,400 0 0 : : : : Changes from: December 2, 2025 : : -250 -1,125 -200 -1,300 -175 -1,975 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 56.4 80.4 8.3 13.4 0.6 1.8 0.0 0.0 26.8 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 22 : : 12 10 4 . . . 0 0 . 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 4,779 : : Positions : : 2,377 1,464 125 1,355 55 620 520 1,300 125 0 75 : : : : Changes from: December 2, 2025 : : -475 -230 -5 -185 -25 -90 215 -300 125 -225 -125 : : : : Percent of Open Interest Represented by Each Category of Trader : : 49.7 30.6 2.6 28.4 1.2 13.0 10.9 27.2 2.6 0.0 1.6 : : : : Number of Traders in Each Category Total Traders: 21 : : 10 5 . . . . . . . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 6,744 : : Positions : : 3,617 2,454 805 2,285 100 620 520 1,300 125 0 75 : : : : Changes from: December 2, 2025 : : -475 -230 5 -185 -100 -90 215 -300 125 -225 -125 : : : : Percent of Open Interest Represented by Each Category of Trader : : 53.6 36.4 11.9 33.9 1.5 9.2 7.7 19.3 1.9 0.0 1.1 : : : : Number of Traders in Each Category Total Traders: 21 : : 10 5 . . . . . . . 0 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 9, 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 17,555 : : Positions : : 11,575 11,635 3,960 1,335 805 0 1,845 135 615 1,225 425 : : : : Changes from: December 2, 2025 : : -315 -380 -95 -100 -55 0 85 -85 115 90 -215 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.9 66.3 22.6 7.6 4.6 0.0 10.5 0.8 3.5 7.0 2.4 : : : : Number of Traders in Each Category Total Traders: 26 : : 15 14 . . 4 0 . . . . . : ----------------------------------------------------------------------------------------------------------------
Updated December 19, 2025