12-Month Power Index

At a Glance

The Power Index tracks a diversified basket of U.S. electricity markets through a systematic, rules-based methodology designed to reflect changes in wholesale power prices across major regional hubs.

Index
ICE U.S. National Power Index

Ticker
ICEUPWRT

Market
U.S. Electricity

Coverage
6 Major Power Hubs

Methodology
Rules-Based

Power Index Daily Close

Last Updated March 28, 2026

The Growing Importance of Power

Electricity is one of the most essential commodities in the U.S. economy, yet direct exposure has historically been difficult to access through conventional investment products.

Demand for power continues to evolve alongside AI, data centers, electrification, manufacturing, transportation, and broader economic growth. CNIC’s Power Index is designed to provide a structured way to track this increasingly important market.

The Power Index uses a systematic methodology to provide exposure across six major U.S. electricity markets:


PJM-W — Pennsylvania, New Jersey & Maryland
MISO — Midwest
ERCOT-N — Texas
CAISO — California
NY-G — New York
ISO-NE — New England


Regional weighting is based on three-year average annual electricity consumption, creating diversified exposure across the U.S. power market.

Where applicable, the methodology incorporates carbon-market instruments to support the index’s carbon-neutrality objectives.

A Market Becoming Too Important to Ignore

Electricity sits at the center of a rapidly changing economy. Growth in AI, data centers, electrification, manufacturing, and transportation is creating new demand for power—and increasing the relevance of electricity as a distinct commodity market.

❋ AI & Data Centers

The rapid expansion of artificial intelligence and cloud computing is driving substantial growth in electricity-intensive data infrastructure.

❋ Industrial Growth

Manufacturing, infrastructure investment, and domestic industrial expansion are adding new sources of long-term electricity demand.

❋ Electrification

Electric vehicles, residential electrification, and the broader transition toward electric technologies are increasing power consumption across the economy.

❋ A Power-Dependent Economy

As technology becomes increasingly embedded in everyday life and business activity, electricity is becoming an even more fundamental input to economic growth.

Powering Portfolios with the Fastest-Growing Commodity in the U.S. Economy

Electricity is 2.50% of the monthly US CPI.  For institutions to have a meaningful commodity allocation, a portion of AUM should be dedicated to electricity.

Inflation Protection

Electricity is not correlated to any major asset class (equities and debt); by including electricity in a commodity allocation, returns are not associated with existing allocations.

Portfolio Diversification

The “60/40” model (60% stocks/40% bonds) is now being updated to 60/35/5, with 5% allocation to commodities.  A 60/35/3/2 (3% commodities + 2% electricity) provides better long-dated risk-adjusted returns.

Evolving Portfolio Models

With AI, data centers, bitcoin and overall US growth hitting the headlines every day, ICEUPWRT provides the only way to meaningfully participate in the commodity – electricity – that is linked to every headline.

Opportunity

Savvy investors can use ICEUPWRT to selectively add exposure to existing commodity portfolios, thereby adding “Smart Beta” – or commodity exposures beyond the normal indexes.

Smart Beta

Investors with keen insights (fundamental and/or technical) can use electricity to add alpha to portfolios.

Seasonal Cyclical

As the most volatile commodity in the world, electricity can be used as a trading or speculative vehicle for sophisticated players.

Situational