Consultations on Operations and Settlement

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £62 from 7 March 2024. This two-day consultation will close at 17:00 on 21 February 2024.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £75 from 20 February 2024. This two-day consultation will close at 17:00 on 2 February 2024.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 2 February 2024. This two-day consultation will close at 17:00 on 18 January 2024.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £100 from 4 January 2024. This two-day consultation will close at 17:00 on 15 December 2023.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £120 from 21 November 2023. This two-day consultation will close at 17:00 on 6 November 2023.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £130 from 3 November 2023. This two-day consultation will close at 17:00 on 19 October 2023.

Elexon Ltd (Elexon) has raised a generic Metering Dispensation (D/565) on behalf of SMS PLC (SMS). If the BSC Panel approves a generic Metering Dispensation, it allows non-compliant Metering Equipment (or Metering Equipment that has not been approved under BSCP601 – a requirement of CoPs 1, 2, 3, 5, 10 and 11) to be installed and registered in any Settlement Metering System, subject to any conditions the BSC Panel agrees.

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £105 from 18 October 2023. This two-day consultation will close at 17:00 on 3 October 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 2 August 2023. This two-day consultation will close at 17:00 on 18 July 2023.

This consultation details the proposed methodology for setting Load Periods and Sample Settlement Periods used in the derivation of Zonal Transmission Loss Factors (TLFs), as required by the Balancing and Settlement Code (BSC). New values are set each year, and views are sought from the Transmission Company and BSC Parties on continuing to use the same method as for previous years.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £100 from 5 July 2023. This two-day consultation will close at 17:00 on 20 June 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 13 June 2023. This two-day consultation will close at 17:00 on 25 May 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £110 from 11 May 2023. This two-day consultation will close at 17:00 on 24 April 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £125 from 14 April 2023. This two-day consultation will close at 17:00 on 28 March 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £140/MWh from 22 March 2023. This two-day consultation will close at 17:00 on 7 March 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £155/MWh from 1 March 2023. This two-day consultation will close at 17:00 on 14 February 2023.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £170/MWh from 3 February 2023. This two-day consultation will close at 17:00 on 19 January 2023.

Earlier this month, the Credit Committee notified a Credit Assessment Price (CAP) decrease to £220/MWh from 20 January 2023. A further decrease in forward market prices has prompted the Credit Committee to propose a £170/MWh CAP value effective from 3 February 2023 for consultation.

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £250/MWh from 20 January 2023. This two-day consultation will close at 17:00 on 5 January 2023.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £400/MWh from 5 January 2023. This two-day consultation will close at 17:00 on 16 December 2022.

Earlier this month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £450/MWh from 21 December 2022. However, a decrease in forward prices since this was notified has resulted in an additional CAP value of £400/MWh effective from 5 January 2023 to be proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to change the CAP, or the option to withdraw any notified CAP(s) when further data is available closer to the implementation date.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £490/MWh from 21 December. This two-day consultation will close at 10:00 on 7 December 2022.

Last month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £350/MWh from 14 December 2022. However, significant increases in forward prices since this was notified has resulted in an additional higher CAP value of £490/MWh effective from 21 December 2022 to be proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP if System Prices significantly increases, or the option to withdraw when further data is available closer to the implementation date.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £350/MWh from 14 December. This two-day consultation will close at 10:00 on 30 November 2022.

Earlier this month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £300/MWh from 30 November 2022. However, following prices in December remaining higher, a CAP value of £350/MWh effective from 14 December 2022 has been proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP were forward prices to remain higher, or the option to withdraw when further data is available closer to the implementation date.

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £300/MWh from 30 November. This two-day consultation will close at 10:00 on 16 November 2022.

Last month, the Credit Committee confirmed a Credit Assessment Price (CAP) at £250/MWh from 8 November 2022. However, following prices in December remaining higher, a CAP value of £300/MWh effective from 30 November 2022 has been proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP were December prices to remain higher, or the option to withdraw it if prices remain steady, or decrease, when further data is available closer to December delivery.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 8 November. This two-day consultation will close at 10:00 on 25 October 2022.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £525/MWh from 1 November. This two-day consultation will close at 17:00 on 17 October 2022.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £420/MWh from 12 October 2022 and to £465/MWh from 19 October. This two-day consultation will close at 17:00 on 27 September 2022.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £350/MWh from 7 October 2022. This two-day consultation will close at 17:00 on 22 September 2022.

We are seeking your views on the annual Market Index Definition Statement (MIDS) review. If you represent BSC Parties or any other party in connection with the MIDS please respond to this online consultation.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £515/MWh from 21 September 2022. This two-day consultation will close at 17:00 on 6 September 2022.

This consultation seeks views on the draft reference Network Mapping Statement (NMS) for use in the allocation of Transmission Loss Factors (TLFs) for BSC Year 2023-2024.

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £565/MWh from 15 September 2022. This two-day consultation will close at 17:00 on 31 August 2022.

Outcome

The Credit Committee has decided to withdraw the previously notified CAP of £475/MWh that was due for implementation from 16 September. This decision follows on from recent decreases in the forward market prices and means that the current CAP of £415/MWh will remain valid on and beyond 16 September until the next scheduled CAP replaces it.

• Elexon Circular EL03664 – first outcome where the Credit Committee did not go ahead with the consulted CAP but set a £475/MWh CAP
• Elexon Circular EL03676 – second outcome withdrawing of the £475/MWh CAP

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £435/MWh from 7 September 2022. This two-day consultation will close at 17:00 on 22 August 2022.

Outcome

The Credit Committee has decided to withdraw the notified CAP of £510/MWh before implementation on 7 September 2022. This means the current CAP value of £415/MWh remains valid at least until it is replaced by the next scheduled CAP of £475/MWh on 16 September.

• Elexon Circular EL03667

On 7 September, the CAP value will increase to £510/MWh. As a result, Parties may notice a change in their Credit Cover Percentage and should review the amount of Credit Cover lodged.

A Consultation paper on the value of the CAP was issued on 18 August as part of the alternative CAP review process. BSC Parties were invited to indicate whether they agreed with the proposal to increase the value of the CAP to £435/MWh effective from 7 September.

• Elexon Circular EL03654

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £395/MWh from 31 August 2022. This two-day consultation will close at 10:00 on 16 August 2022.

Outcome

On Wednesday 31 August, the CAP value will increase to £415/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 EL03650

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £330/MWh from 17 August 2022. This two-day consultation will close at 17:00 on 2 August 2022.

Outcome

On Wednesday 17 August 2022, the CAP value will increase to £330/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 EL03644

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 9 August 2022. This two-day consultation will close at 17:00 on 25 July 2022.

Outcome

On Tuesday 9 August 2022, the CAP value will increase to £300/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 EL03635

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £270/MWh from 26 July 2022. This two-day consultation will close at 17:00 on 8 July 2022.

Outcome

On Tuesday 26 July 2022, the CAP value will increase to £270/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 EL03626

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £215/MWh from 8 July 2022. This two-day consultation will close at 17:00 on 23 June 2022.

Outcome

On Friday 8 July 2022, the CAP value will increase 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.

• Elexon Circular EL03615

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

The Credit Committee held a meeting today, 30 May 2022, and decided to postpone the implementation date of the last notified CAP of £190/MWh. It was due to go live on 1 June 2022 but this has now been postponed to 1 July 2022.

• Elexon Circular EL035897

Previous decision

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

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

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.

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

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

We are seeking views on two new Grid Supply Point (GSP) registration applications from the National Electricity Transmission System Operator (NETSO).