Credit Assessment Price to increase on 8 September 2021
Following consultation, the Credit Assessment Price (CAP) will increase from £96/MWh to £113/MWh, effective from Wednesday 8 September 2021.
How it impacts you
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 9 August 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 £113/MWh, from the current value of £96/MWh.
The consultation closed on Tuesday 17 August 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.