CAP increase announced for 3 August 2021
On Tuesday 3 August 2021, the CAP value will increase from £77/MWh to £96/MWh.
The CAP review trigger level value will also increase to +/- £10/MWh.
How will I be impacted?
As a result of the increase, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.
About the consultation
A consultation paper on the value of Credit Assessment Price (CAP) was issued on Monday 5 July 2021 following a breach of the CAP trigger level. BSC Parties were invited to indicate whether they agreed with the proposal to increase the value of CAP to £96/MWh, from the current value of £77/MWh. The consultation closed on Tuesday 13 July 2021. No responses disagreed with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting will not be held.