EFET Mission Statement
We promote competition, transparency and open access in the European energy sector.
We build trust in power and gas markets across Europe, so that they may underpin a sustainable and secure energy supply and a competitive economy.
We do this by:
- Working to improve the functionality and design of European gas, electricity and associated markets for the benefit of the overall economy, society and especially end consumers.
- Developing and maintaining standard wholesale supply contracts and standardising related transaction and business processes.
- Facilitating debate amongst TSOs, regulators, policy makers, traders and others in the value chain about the future of the European energy market.
EFET mission statement is underpinned by:
EFET Core Principles for Energy Markets
EFET core principles should form the foundation for a European energy market design. Observation of the principles should promote free and fair competition between all producers and suppliers of energy. EFET expects such principles to be accepted by all bona fide participants in European power, gas and emissions markets, irrespective of their nationality, their business model and the location of their business.
Principles of Good Conduct for Energy Trading: The "10 Pillars"
EFET aspires to the adoption of values within its member companies, in which we, as an industry, believe. Click here to see the principles.