California Water Index
The Nasdaq-Veles California Water Index (NQH2O)
Powered by Waterlitix™, WestWater is the exclusive data provider for the Nasdaq-Veles California Water Index (NQH2O)—the first benchmark of its kind to track the spot price of water entitlements in California.
Designed to bring greater transparency to water pricing, the Index supports price discovery and enables the development of tradable financial instruments that help manage exposure to water supply risk.
By drawing exclusively from Waterlitix™, WestWater ensures that the Index is built on the most comprehensive and reliable market data available.
Key Features of the NQH2O Index:
- Tracks the spot price of California water entitlements, priced in $/AF at the source (excluding conveyance costs/losses).
- Published weekly on Wednesdays, reflecting transactions from the prior week.
- Reflects real-time changes in the scarcity and value of water in California.
- Represents a volume-weighted average of water prices across five key California water markets:
- Surface Water
- Central Basin
- Chino Basin
- Main Basin
- Mojave Basin – Alto Subarea