P426 Workgroup 3

This is the third meeting of the P426 ‘Combining related BSC Parties’ Energy Indebtedness positions for the Credit Cover Percentage calculation’ Workgroup.

The purpose of this meeting is:

  • Consideration of risk mitigations for proposed solution; and
  • Further development and refinement of proposed solution

Find out more about P426


  1. Welcome & Meeting objectives
  2. Summary of Workgroup 2 and Actions
  3. Risk mitigations
    1. Eligibility to qualify for combined indebtedness
    2. Applying for combined Credit Cover
    3. BSC Rules changes
    4. Ongoing monitoring following approval
    5. Actions in the event of Default
  4. Discussion on the proposed solution
  5. Next steps
  6. AOB & Meeting close

How to join the meeting

Telephone: +44 20 7660 8177
Conference ID: 533 082 9# 

A link to join the meeting is provided in the Outlook meeting invite from Elexon.


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