Credit Assessment Price (CAP) – increase to £56/MWh
On Wednesday 7 October 2020, the CAP value will increase £56/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.
We previously informed BSC Parties that a consultation paper on the value of the CAP had been issued on Monday 7 September 2020. Parties were invited to indicate whether they agreed with the proposal to increase the value of CAP to £56/MWh from the last notified CAP value of £46/MWh.
The consultation closed on Tuesday 15 September 2020. No responses disagreed with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting will not be held.
Previous CAP consultations
- 10 September – CAP increased to £46/MWh from £36/MWh
- 23 July – CAP increased to £36/MWh from £30/MWh
- 16 April – CAP decreased to £30/MWh from £36/MWh
- 11 March – CAP decreased to £36/MWh from £41/MWh