EFETNET’S MISSION
EFETnet’s mission is to realise the benefits of the EFET standards within the wholesale traded market and to promote the realisation of similar benefits in other energy market sectors. EFETnet shall procure and finance projects that implement the EFET standards and support their adoption and/or enhance their effectiveness. EFETnet is committed to provide its services to the benefit of the wider energy market community as a cost-sharing vehicle.
EFETnet shall carry the risk of financing the investments in a prudent and responsible manner. EFETnet shall fulfil its mission employing a policy of transparency, fairness and non-discrimination especially with regard to interoperability between companies using EFETnet services and or other solutions.
ANNUAL BUDGET
EFETnet’s investments shall be on a project by project basis. The financing of each project shall be borne by EFETnet. EFETnet shall also bear the cost of financing all upgrades affecting a project in line with changes in the EFET standards. Financing needs shall be taken into account when calculating the EFETnet Annual Budget.
The EFETnet annual budget is proposed by the managing director. The annual budget, the financial plan and fee schedule is presented annually to the EFETnet Supervisory Board and General Assembly of Shareholders for approval in line with Article 19 of the Statutes.
FEES
The EFETnet fees and pricing schemes are set by the Managing Director after consultation with the Supervisory Board and the Steering Group.
The fees should appropriately reflect the cost for operation and development of the EFETnet services..Fees charged by EFETnet shall be at least sufficient to allow for a positive cash-flow and positive net result after taxes. Fees shall be determined by employing a prudent forward looking estimate of the expected income and expenditure on a three year basis. EFETnet is permitted to charge additional fees for service updates which are not upgrades in line with changes to the EFET standards.
The Managing Director shall prepare an up-to-date report on fee development every three months, to be presented in the Management Meetings.
