Energy Traders Europe published a joint industry reaction to the Commission's recent Recommendations on penalties, compliance solutions, and model contract clauses.

Energy Traders Europe 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 enable the transition to a carbon neutral 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. We represent more than 180 member companies, active in over 30 European countries.