How can I monitor my Credit Cover Percentage?
You can set up bespoke Credit Cover Percentage (CCP) email alerts on the Elexon Portal? This service will notify you when your CCP exceeds or falls below a certain percentage. In addition to this, you can also choose to receive an email update every half hour. The diagram below explains the process of the alerting […]
How is the CAP value set?
The process for reviewing and setting the CAP is defined in the CAP Review guidance document. On the first day of the week, Elexon calculates a reference price derived from forward market prices. If the difference between the CAP and the reference price exceeds a pre-set trigger value Elexon issues an industry consultation seeking views […]
How does a change of CAP affect me?
A change in CAP affects the first five working days of the Credit Cover Percentage (CCP) calculation, known as Credit Assessment Energy Indebtedness (CEI). The CEI is calculated in MWh and the CAP is used to convert this into £. The CEI can be positive or negative depending on how the Party has bought/sold energy […]
Where can I find CAP data?
The current and previous values of the CAP can be found on the Elexon Portal.
What is CAP and how is it used?
The Credit Assessment Price (CAP) is used in the calculation of Trading Parties’ Credit Cover Percentage. It is a notional price of 1 MWh of energy that is used in the calculation for five working days prior to II Settlement Run data being available.