Glossary
P011 – Revision Of Minimum Credit Cover Requirements
Formal title: Revision Of Minimum Credit Cover Requirements
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented
Summary
A proposal to introduce a minimum credit requirement for Trading Parties based on historical Energy Indebtedness (EI) levels. Trading Parties would be required to maintain a minimum level of Energy Credit Cover (ECC) in order to be able to transact.
Progression
The Authority rejected both the Proposed and Alternative Modifications on 4 February 2002.