Credit Committee

The Credit Committee (CC) is responsible for all matters under the Balancing and Settlement Code (BSC) that relate to the Credit Assessment Price (CAP).

Credit Committee Meetings are open to any BSC Party and the business discussed is non-confidential. Attendees can observe the proceedings but cannot speak unless invited by the chairman.

Want to join the meeting?

Our Panel meetings are held both virtually and in-person. If you would like to join a meeting, please email [email protected] . To enhance the meeting experience we have created a set of principles to be followed when holding online meetings. These principles will be highlighted at the beginning of each meeting to improve your virtual meeting experience.

Join the committee

We have a number of vacancies to participate in the TDC. If you are interested please complete the application form on our website, setting out your relevant experience/expertise for the Committee(s) you are interested in. 


The BSC Panel has established six Panel Committees to support it in fulfilling its various duties. Membership of the committees and groups is drawn from the industry.

The powers, functions and responsibilities of the Credit Committee include the following:

  • Setting, reviewing and amending the trigger level value used to determine when a review of the CAP will be held
  • Considering the CAP value proposed by Elexon
  • Deciding whether or not to propose new CAP values which are subject to consultation with the Trading Parties
  • Arranging for Elexon to consult with Trading Parties in relation to any proposed new CAP values
  • Setting any new CAP value
  • Examining the suitability of the CAP Review process
  • Keeping under review the suitability and availability of the forward price data

Further information

Credit Assessment Price

Credit Assessment Price (CAP) is a parameter set by the Credit Committee, and is compared against current wholesale prices to ensure it reflects the current market value of electricity.

Details of the CAP review process can be found here Guidance Note: CAP Review Document

Current CAP

The current value of the CAP can be found on the Credit web page.

Calculating the CAP value

Find out how the CAP is calculated and what impacts a review.

Previous values of the CAP

These are published on the Elexon Portal.

An Elexon Portal user account is required to see certain data on the Portal.

Credit Committee Quarterly Reports

The Committee no longer publishes the Quarterly Reports, which were published between 2008 and 2015.

The reports have been removed from the website but are available on request from the Credit Committee.


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