Do I need to lodge collateral (credit cover) with Elexon?
Charges are made to or by Party’s as a result of any imbalance (Trading Charges) 29 days after a Settlement Day. Credit Cover ensures that we have enough collateral from you to cover these payments and subsequently all other Trading Parties if you cannot make them. We don’t specify the amount of Credit Cover you must lodge; it’s up to you to decide. You’ll generally make this decision based on your trading characteristics. For further information on Credit Cover refer to the Overview of Credit Cover or email [email protected]