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Abaxx launches ERCOT wind futures for U.S. hedging

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Executive Summary
- Abaxx Technologies Inc. has launched trading for its Enwex ERCOT Onshore Wind (EWM) futures contract on the Abaxx Exchange.
- The new contract targets the Electric Reliability Council of Texas (ERCOT) market, providing a dedicated hedging instrument against weather-driven volume swings and grid-imposed curtailment.
- Trading hours are set for 10 a.m. to midnight SGT, Monday through Friday, excluding Singapore public holidays.
Key Details
- Contract Name & Ticker: Enwex ERCOT Onshore Wind (EWM) futures
- Exchange: Abaxx Exchange
- Target Market: Electric Reliability Council of Texas (ERCOT), noted as the most consequential wind market in the U.S., producing roughly 25% of national wind power and leading in installed capacity and total wind-generated electricity.
- Risk Management Focus: Isolates wind-specific risk from broader power market drivers, allowing participants to hedge against weather-driven volume swings and grid curtailment.
- Market Function: Establishes a forward curve to enable utilization risk hedging and support revenue stability for wind producers.
- Trading Schedule: 10 a.m. to midnight SGT, Monday to Friday (excluding Singapore public holidays).
- Company Infrastructure Context: Abaxx Exchange operates centrally cleared, physically deliverable futures contracts across environmental and commodity markets (LNG, carbon, battery materials, precious metals) to support the energy transition and establish global benchmarks.
Notable Quotes
- "Texas produces roughly a quarter of U.S. wind power, making ERCOT the most consequential wind market in the country," said Joe Raia, chief commercial officer of Abaxx Exchange. "Abaxx's EWM contract establishes a forward curve that enables market participants to hedge utilization risk while supporting revenue stability for wind producers."
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Jul 01, 2026 · 16:30