Brussels, 3 June 2013 | The completion of the European internal energy market constitutes a major policy goal of the European Union. Against this background, wholesale energy trading, on both derivative and spot markets, plays a vital role in rendering European energy markets liquid and transparent, and helps to further integrate national markets at regional and European level. In addition, energy trading serves as a key risk mitigation tool for the real economy as it allows for comprehensive price risk management and reduces overall price volatility. While we highly welcome the exemption of physical (energy) spot contracts from the scope of the FTT, we are deeply convinced of the necessity that it should be further extended to energy derivative contracts as well.
Please find the position paper attached.