EFET strives to improve the functionality and design of European gas, electricity and other related markets for the benefit of the general economy, society and especially consumers. It develops and maintains standard wholesale contracts for the supply and standardization of related transactions and business processes. It also facilitates discussions among TSO, regulators, politicians, traders and others about the future of the European energy market.
The mission of EFET is to promote competition, transparency and open access to the European energy sector, build confidence in energy and gas markets across Europe so that they can maintain sustainable and secure energy supply and ensure the transition to a carbon-neutral economy.
Tasks of the exchange: creation of an automated exchange platform for organized trade in energy, which is an effective tool of exchange trade for market participants; formation of a fair market price, which is an indicator for both domestic companies and foreign investors; providing market participants with mechanisms that allow them to solve the problems of both ordinary companies and professional stock market players; development of a set of educational programs that meet the requirements of modern energy.
EFET is the European Federation of Energy Traders, which unites more than 120 European companies from 27 countries working in electricity markets, investment companies and other representatives of the fuel and energy sector.
The main tasks are to increase the transparency of the European energy market and to improve the efficiency of traders, promote competition and open access to the European energy sector.
EFET is developing confidence in European electricity and gas markets so that they can maintain a sustainable and secure energy supply and ensure the transition to a carbon-neutral economy.
To achieve this EFET:
• works to improve the functionality and design of the European gas market, the electricity market and related markets in order to ensure the effect on the economy, society and especially consumers;
• develops and maintains standard wholesale contracts for the supply and standardization of related transactions and business processes;
• facilitates discussions among market participants, regulators, politicians and others on the development of the future European energy market.