CAP decreases to £30/MWh from 16 April 2020

On Thursday 16 April 2020, the CAP value will decrease from £36/MWh to £30/MWh.

Decision on a new CAP

No consultation responses were in disagreement with the new suggested CAP value. However today, Monday 30 March, the Reference Price is £29.68/MWh, and therefore the Credit Committee decided to confirm a new CAP value of £30/MWh.

Initial consultation

A consultation paper on the value of CAP was issued on Monday 25 March 2020 following a breach of the CAP trigger level. BSC Parties were invited to indicate whether they agreed with the proposal to decrease the value of CAP to £30/MWh, from its last notified level of £36/MWh.

Change in Credit Cover Percentage

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