Consultations for all Process, Operational and Credit areas
This page lists all Consultations relating to BSC and code processes, Market Entry and Compliance, and Operations and Settlement. The consultations allow ELEXON to gather feedback from the industry about proposed changes so that any concerns are considered as part of our processes.
This list does not include Change Consultations.
Credit Assessment Price (CAP) consultation: 10 August
We are consulting on an increase of the CAP to £46/MWh from the current CAP value of £36/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.
Credit Assessment Price (CAP) consultation: 6 July 2020
The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value.
Issue 89 Request for Information
The BSC Panel has asked Elexon to provide analysis on the cost and effort related to the DCE that occurred on 9 August 2019 (DCE00201). We are looking specifically at those costs incurred by parties, both direct and indirect, associated with the SAP that are required to be carried out to ensure Settlement is accurately calculated for the Settlement Periods impacted by the DCE. This analysis is being carried out for Issue 89 and P397.
The provision of this information is critical to meet the aim of Issue 89, to ensure the SAP is fit for purpose, and the aim for P397, to only run the SAP when the benefits outweigh the costs. Moreover, the provision of this information is needed to meet the Ofgem request in relation to P397. Your help and support in this matter is appreciated.
Risk Operating Plan (ROP) 2020/21
The ROP has undergone a re-assessment as part of the Performance Assurance annual cycle taking into account changes to Risk Impacts as outline in the Risk Evaluation Register 2020/21. The risks to Settlement have been identified and evaluated in line with the Risk Evaluation Methodology approved for 2019/20.
To help us process your response, please email your completed response form to [email protected] by 15 May 2020.
Credit Assessment Price (CAP) consultation: 25 March 2020
The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value.
We are consulting on a decrease of the CAP to £32/MWh from the last notified value of £36/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.
If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Wednesday 15 April 2020, 10 Business Days after the consultation closes. The trigger level will also decrease to
+/- £3/MWh.
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.
Outcome
No responses were in disagreement with the new suggested CAP value. However today, Monday 30 March, the Reference Price is £29.68/MWh, and therefore the Credit Committee decided to confirm a new CAP value of £30/MWh.
On Thursday 16 April 2020, the CAP value will decrease from £36/MWh to £30/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.
The CAP review trigger level value will also reduce at +/- £3/MWh.