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The European Federation of Energy Traders (EFET) promotes and facilitates European energy trading in open, transparent, sustainable and liquid wholesale markets, unhindered by national borders or other undue obstacles.

EFET improves the conditions for energy trading by:

  • Finding solutions for market design and advocating suitable policies and regulatory measures;
  • Providing standard solutions to the repetitive aspects of wholesale energy transactions;
  • Encouraging probity, good risk management practices, responsible corporate governance and proper accounting among energy traders.

We represent more than 100 member companies, active in over 27 European countries.

What we do

Markets which are unhindered by national borders or other undue obstacles will constitute eventually a true European single market, where trading in energy commodities and related instruments is unimpeded by unjustified technical and legal barriers, economic or national distortions, poor management practices, industry discrimination or political lack of objectivity
We improve the operation of European wholesale energy markets and enhance the performance of traders and their support functions in those markets. We reinforce the markets' functionality and facilitate their liquidity and transparency.
We do this in particular by:

  • Providing standard solutions to the repetitive aspects of wholesale energy transactions, such as contracting and data exchange;
  • Advocating policies and regulatory measures, which allow electricity and gas trading to develop freely in parallel, and which minimise obstacles to trading in related instruments and products, including futures and forwards, other derivatives, emission allowances and "green" certificates;
  • Encouraging probity, good risk management practices, responsible corporate governance and proper accounting among energy traders.

Our Principles of Good Conduct for Energy Trading | The "10 Pillars"

Companies engaged in trading in energy markets will:

  1. Respect and promote free and fair competition as the basis for trading sustainable traded energy markets.
  2. Not engage in any activities which would amount to market abuse, market manipulation or fraud, nor relay information known or strongly suspected to be false or misleading.
  3. Deal with each other in accordance with established market practices and the standards expected of professional market counterparties.
  4. Deal with customers fairly and with integrity and manage any conflicts of interest that may arise appropriately.
  5. Organise their energy trading business effectively, respecting appropriate segregation of staff duties, and exercise diligent control over trading functions.
  6. Establish effective risk management policies and control procedures governing the key risks managed by their energy trading functions.
  7. Establish compliance policies setting out the company's procedures for fulfilling all legal and regulatory obligations and any related corporate governance rules relating to their energy trading functions.
  8. Ensure that their traders are suitably qualified and properly supervised to carry out their duties, including where appropriate to have taken relevant industry examinations.
  9. Prohibit their employees from giving or receiving bribes and from indulging in other corrupt behaviour in all circumstances; and establish policies governing gifts and hospitality, highlighting acceptable and unacceptable practices.
  10. Maintain accounts related to trading transactions and risk books in accordance with relevant accounting standards, and respecting normal audit practices.