 CpML 5.0 was first announced in 2013, and is based on previous standards created by European Federation of Energy Traders (EFET).CpML is governed by the CpML Foundation, a foundation under Dutch law created in 2014.The Governance Board of the CpML Foundation consisted initially of representatives of EDF Trading, Freepoint Commodities Europe, Gazprom Marketing & Trading, RWE Supply & Trading and EFET.