"UK power markets post-deregulation remain patchy," said Phil Levermore, chairman of the FOA' s Power Trading Committee. "We need to attract more participants. One way to do this is to commoditise the market more, and progress on reference pricing, credit and documentation issues will help achieve this."

Anthony Belchambers, FOA chief executive, said he could not give provide any concrete details of the proposals. "There are no deliverables as yet," he told Energy Risk. "All the guidelines