Credit Assessment Price Consultation 5 July 2021

We have issued a consultation paper on the value of the Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the CAP to £96/MWh from the current value of £77/MWh.

Summary

A trigger event has occurred, meaning that the absolute difference between the CAP and the reference price is greater than the current trigger level of +/- £8/MWh. As a result, a consultation on a new CAP value has commenced. The proposal is to an increase of the CAP to £96/MWh from the current value of £77/MWh.

A change to CAP can impact the amount of Credit Cover required by a BSC Party.

If at least one respondent or Credit Committee member requests it or disagrees with the proposed value, Elexon will arrange a Credit Committee meeting. The Credit Committee will determine if a change needs to be made to the value of the CAP, the trigger level and when any new value should be implemented.

Relevant dates

The consultation period will end at 17:00 on Tuesday 13 July 2021.

If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Tuesday 3 August 2021.

How do I respond?

BSC Parties are invited to respond to this consultation using the proforma available on this Consultations page of the Elexon website.

Please return responses to [email protected] by 17:00 on Tuesday 13 July 2021.

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