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.
How will Supplemental Balancing Reserve (SBR) impact Credit Cover Percentage?
The Credit Cover Percentage (CCP) calculation uses Credit Assessment Price as a price estimate for the first five working days, which prevents an immediate impact. If System Prices are significantly high, Parties are likely to see a step change in their CCP at 23:00 on the fourth working day. This is the point at which the […]
Will System Prices reach £3,000/MWh if Supplemental Balancing Reserve (SBR) is used?
The System Price will not automatically reach £3,000 if SBR is used and could be higher or lower. The SBR action will be treated as an energy balancing action in the System Price calculation. It is possible that the action could set the System Price, however the most expensive actions are often removed from the […]
How does Supplemental Balancing Reserve (SBR) affect Settlement?
Although users will see System Operator warnings on the Balancing Mechanism Reporting Service (BMRS), the System Price calculation on the BMRS will not include SBR actions with the correct price. The SBR actions will need to be re-priced to the Value of Lost Load which is £3,000/MWh. On the following working day, an Elexon Circular will be published to […]
Where can I find Unmetered Supplies (UMS) Charge Codes?
UMS Charge Codes
What are Category 1 Configurable Items?
Category 1 documents are defined in BSCP40 and can only be changed by a Change Proposal or a Modification, these documents are: Balancing and Settlement Code Procedures (BSCPs); Business Definition Documents (encompassing Data Catalogues, the Reporting Catalogue, the Communication Requirements Document) (BDDs); Codes of Practice (CoPs) Description of physical interfaces in Settlement Software Documentation Interface Design […]