Six years ago, the US electricity market was severely hampered by a lack of a standardised contract. As a result, bilateral trading parties were forced into lengthy negotiations on a case-by-case basis. Melissa Lauder-dale, director of industry legal affairs at EEI, carried on the work of her predecessor, Andy Katz, to lead an industry-wide collaboration that created the Standardised Master Power Purchase & Sale Agreement Master Contract. This master agreement contains the essential terms