ERCOT North Traders Return to Form
March 29, 2021
Non-commercial traders in ERCOT North Real Time Daily Fixed Price futures and options have averaged positions that are 77% net long since 2021 began. This ratio spiked to 82% and 81% during and immediately following the recent winter weather event. Since then, it’s back to 77%. Non-commercial traders are hedge funds and large financial institutions. Futures prices tend to positively corelate with the positions of these traders.