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(plus Optional Provisions)
EEI facilitated an industry-wide collaboration, with the National Energy Marketers Association and others, to develop this model bilateral master agreement containing the essential terms governing forward purchases and sales of wholesale electricity. In January 1999, a group of over 80 EEI member utilities, affiliated and independent power marketers, merchant power, and end-use representatives formed a Working Group and Drafting Committee to prepare the Master Contract. New provisions are drafted as needed to reflect market changes.
The Master Contract provides the following benefits: streamlines establishing a trading relationship; provides "real time" credit provisions; standardizes product definitions; and focuses traders on the transaction's basic negotiable elements, e.g., price, quantity, location, and duration.
EEI Staff Contact
- Aryeh Fishman, Director, Regulatory Legal Affairs, 202-508-5023, afishman@eei.org
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