EEI facilitated 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 more than 80 EEI member companies, affiliated and independent power marketers, merchant power, and end-use representatives formed a working group and contract 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.

Master Contract (version 2.1, updated 4/25/00) Word(Open external link)

Working Group and EEI Contract Drafting Committee

Learn more about the Committee's mission, join the working group, or see a current list of subcommittee projects.

Optional Provisions for Use with the EEI Master Contract

The EEI Master Contract Drafting Committee is making available the following optional contract terms and conditions and region-specific product definitions to provide users of the Master Contract with maximum flexibility and the ability to keep up with market developments.

Product Provisions

Annex Provisions

Miscellaneous Provisions

Historical Documents and Archives

The EEI Master Contract Drafting Committee is making available the historical documents and archives listed below.

Product Provisions

Miscellaneous Provisions

Conversion Convention Provisions