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.
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.
Previous CAP consultations
- 18 January 2021 – CAP increased to £64/MWh from 62/MWh
- 21 December 2020 – CAP increased to £62/MWh from £56/MWh
- 15 October 2020 – CAP increased to £56/MWh from £46/MWh
- 10 September 2020 – CAP increased to £46/MWh from £36/MWh
- 23 July 2020 – CAP increased to £36/MWh from £30/MWh
- 16 April 2020 – CAP decreased to £30/MWh from £36/MWh
- 11 March 2020 – CAP decreased to £36/MWh from £41/MWh