Is Australia the first to launch a renewable energies futures market?



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    No. U.S. Futures Exchange (USFE) announced in June 2007 that it would list futures contracts on NORDIX Financial Wind Indexes, created by Weather Bid, LLC, that measured deviations from average wind speeds used in wind power generation. The contracts provided a financial hedging vehicle for wind resource owners, developers, financiers and consumers of wind energy and began trading in the summer of 2007. NORDIX Financial Wind Indexes are benchmarks for wind variability. USFE’s futures contracts are the first listed exchange products designed to reflect the needs of the greater renewable energy community.

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