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.
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.
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.