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.
Consultation: Credit Assessment Price increase to £300/MWh from 9 August 2022
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
Consultation: Credit Assessment Price increase to £270/MWh from 26 July 2022
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
Consultation: Credit Assessment Price increase to £215/MWh from 8 July 2022
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
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
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
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
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.
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
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
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
Consultation: Allocation of New Grid Supply Point to GSP Group (WESA_H, SAFO_1)
We are seeking views on two new Grid Supply Point (GSP) registration applications from the National Electricity Transmission System Operator (NETSO).