ICE open interest in gas and power hits record in May 2026
Combined natural gas and power open interest on ICE reached an all-time high in May, per Reuters.
By Matthias Blank · drafted with the Vantage newsroom system, approved before publication
Open interest across ICE's natural gas and power complex set an all-time high in May 2026, per Reuters. The record reflects sustained demand for hedging capacity in European energy markets, where price volatility has kept forward curves active across multiple maturities. Reuters did not break out specific contract-level OI figures in the headline item.
On the same day, EEX announced a market maker initiative for German power futures, a structural move aimed at improving liquidity in the Cal and quarterly strips. No volume targets or spread obligations were disclosed in the public customer notice. Separately, EEX confirmed first-day trading in UK Emission Allowance futures on 26 May, adding a GBP-denominated carbon instrument alongside its existing EU ETS suite.
Together, the two EEX announcements and the ICE OI record point to continued product and liquidity expansion in European power and carbon markets heading into summer 2026.
Source: Reuters Energy
Photo by Maxim Hopman on Unsplash.
Discussion (0)
Plain text only. Be civil. Verifiable industry affiliations are coming.
Sign in or sign up free to join the discussion.
Loading…