Credit Assessment Price Consultation 16 July 2018

Summary

We issued a consultation paper on the value of Credit Assessment Price (CAP). We invite Trading Parties to indicate whether they agree with the proposal to increase the value of CAP to £59/MWh from its current approved level of £53/MWh.

Outcome

The consultation closed on Tuesday 24 July 2018. All responses were in agreement with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting will not be held.

On Wednesday 15 August 2018, the CAP value will increase from £53/MWh to £59/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 remain at its current value of +/- £6/MWh.

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