Consultations on Operations and Settlement

This page lists all Consultations relating to Operations and Settlement. The consultations allow the team to gather feedback from the industry about proposed changes so that any concerns are considered as part of our processes.

(Showing items 1-10 of 96)

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View Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

Consultation: Credit Assessment Price change to £190/MWh from 1 June 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £190/MWh from 1 June 2022. This two-day consultation will close at 17:00 on 17 May 2022.


Outcome

On Wednesday 1 June 2022, the CAP value will increase to £190/MWh from the current CAP of £177/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03586

View Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

Consultation: Credit Assessment Price decrease to £177/MWh from 17 May 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £177/MWh from the current CAP value of £215/MWh. This two-day consultation will close at 17:00 on 28 April 2022.


Outcome

On Tuesday 17 May 2022, the CAP value will decrease to £177/MWh from the current CAP of £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Elexon Circular EL03573

View Consultation for Allocation of a new Grid Supply Point at Axminster

Consultation for Allocation of a new Grid Supply Point at Axminster

ELEXON has received a new GSP registration application from the National Electricity Transmission System Operator (NETSO) relating to two new circuits at Axminster. BSC Parties are invited to respond to this consultation using the proforma available.

View Consultation on CAP change to £235/MWh from 20 April 2022

Consultation on CAP change to £235/MWh from 20 April 2022

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £235/MWh. This two-day consultation will close at 17:00 on 31 March 2022. Please note the previously notified CAP value of £250/MWh is confirmed to go live on 1 April 2022. The last notified CAP value is £215 which is due to go live on 8 April provided it is not withdrawn by the Credit Committee before implementation.


Outcome

The Credit Committee has decided to withdraw the last notified CAP of £235/MWh before implementation on 21 April 2022. This means the current CAP value of £215/MWh remains valid until the Credit Committee sets the next CAP value and its implementation date.

The Credit Committee has been monitoring the market very closely and has decided that the CAP value of £235/MWh would no longer be reflective of market data for implementation from 21 April.

  • Elexon Circular EL03562
  • Elexon Circular EL03566

View Consultation on CAP decrease to £215/MWh from 8 April 2022

Consultation on CAP decrease to £215/MWh from 8 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £215/MWh. This two-day consultation will close at 17:00 on 24 March 2022.

Please note the last notified CAP value of £250/MWh will still go ahead on 1 April 2022.


Outcome

On Friday 8 April 2022, the CAP value will decrease to £215/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

  • Circular EL03554

View Consultation: Credit Assessment Price decrease to £250/MWh from 1 April 2022

Consultation: Credit Assessment Price decrease to £250/MWh from 1 April 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £250/MWh. This two-day consultation will close at 10am on 18 March 2022. Please note the last notified CAP value of £330/MWh will still go live on 17 March 2022.


Outcome

There were no consultation responses therefore the CAP value will decrease to the proposed value of £250/MWh on 1 April 2022. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged. See Elexon Circular EL03549


View Consultation on CAP increase to £231/MWh from 17 March 2022

Consultation on CAP increase to £231/MWh from 17 March 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £231/MWh. This two-day consultation will close at 17.00 on 2 March 2022.


Outcome

Following a consultation on the value of the CAP which we issued on 28 February, the Credit Committee has decided that the consulted on CAP value of £231/MWh (for implementation on 17 March 2022) is no longer reflective of market data.

Based on the latest market data available, the Credit Committee has set a new CAP of £330/MWh to be implemented on 17 March.

  • Elexon Circular EL03542

View Consultation on CAP decrease to £175/MWh from 8 March 2022

Consultation on CAP decrease to £175/MWh from 8 March 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £175/MWh. This two-day consultation will close at 17.00 on 21 February 2022.

Please note the last notified CAP value of £190/MWh will still go live on 22 February.


Outcome

The Credit Assessment Price (CAP) will stay at £190/MWh

The Credit Committee has decided that the consulted on CAP value of £175/MWh would no longer be reflective of market data for implementation in March. Therefore it will not be implemented unless forward market prices revert to their former downward trends very soon which will be observed very closely over the coming days until the next Credit Committee meeting.

  • Circular EL03533

View Consultation on CAP decrease to £190/MWh from 22 February 2022

Consultation on CAP decrease to £190/MWh from 22 February 2022

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £190/MWh. This two-day consultation will close at 17.00 on 7 February 2022. Please note the last notified CAP value of £245/MWh will still go live on 8 February.


Outcome

No consultation responses were received. As a result the CAP value will decrease from £245/MWh to £190/MWh, effective from Tuesday 22 February 2022.

  • Circular EL03521

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