1. Logo(1.00”:3.33”)
Font is Rotis Sans Serif however font may have to be embedded as it is important that this does not change on any presentations
Size 32 points
Yellow Line ( : 3.50)
Yellow must follow EFETnet’s yellow pantone uncoated 108C
Width 6 points
A EFETnet Company below line:5.00”
This is a combination font “EFETnet’ and rotis sans serif. This as well can not change and may have to be embedded
Lines-top (1.00”:5.00”)
Black, thickness1/4”
Lines –bottom (3.25”:5.00”)
Black thicknesss3/4

2. BUT it is now time to deliver on the promises
EFET and Transparency
Original EFET Paper more than 3.5 years old (6 May 2004)
Updated more detailed paper over a year old (Information Transparency in Gas Markets, August
Good progress on what needs to get done in Regional Initiatives
BUT it is now time to deliver on the promises

3. Why transparency is vital

4. Why transparency is vital

5. Why transparency is vital

6. Why transparency is vital
Inform market participants
Confidence in prices and price formation
Enabling competition on an equal footing
Aid capacity purchases
Enable market monitoring
Regulate network companies and tariffs
Expose inefficiencies

7. Transparency requirements
Information should always be published unless there are very good reasons not to
What should be published? Interesting debate – but probably not one for TSOs Let the market decide what to publish
Incomplete information is sometimes useless information
Traffic lights: No thanks, we need 1.234,567.89
Great progress developing the platform Now let’s add the information Regulators must allow the costs to be recovered from tariffs

8. The less than three rule  Huge amounts of information withheld
Needs quick fixes until removed in 3rd package
More strict application by regulators
Redefine zones
Commercial confidentiality clauses: Publish clauses or what clauses contain