P011

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.

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