Glossary

CAP decreases to £54/MWh from 23 March 2021

The CAP (Credit Assessment Price) will decrease to £54/MWh from the last notified value of £64/MWh on Tuesday 23 March 2021.

Decision on a new CAP

No responses disagreed with the proposed CAP change following an initial consultation period. Therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting was not held.

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.

Initial consultation

A consultation paper on the value of CAP was issued on Monday 22 February 2021 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 £54/MWh, from its last notified level of £64/MWh.

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