Glossary

CAP increase announced for 12 May 2021

A Consultation paper on the value of Credit Assessment Price (CAP) was issued on Monday 12 April 2021 following a breach of the CAP trigger level. No responses disagreed with the proposed value and its was agreed that CAP value will increase to £60/MWh.

About the consultation

A Consultation paper on the value of CAP was issued on Monday 12 April 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 £60/MWh, from its last notified value of £54/MWh.

The consultation closed on Tuesday 20 April 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.

Outcome of consultation

On Wednesday 12 May 2021, the CAP value will increase to £60/MWh.

As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.

The CAP review trigger level value will also increase to +/- £6/MWh.

Background to the Credit Assessment price

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