P069 – Short-Term Measures To Alleviate The Inefficiencies Within The Present Credit Energy Indebtedness Methodology

Formal title: Short-Term Measures To Alleviate The Inefficiencies Within The Present Credit Energy Indebtedness Methodology

Summary

This Modification proposal seeks to extend the scope of material doubt within Section M3.4 such that Elexon shall; (i) on receiving evidence from a BSC trading party that indicates based upon the latest available data, it’s actual and calculated energy indebtedness has not placed the party in ‘actual’ credit default, and (ii) based upon this data, be in a position to, conclude that material doubt exists regarding the energy indebtedness, as calculated under the current methodology, of the BSC Party, and thus (iii) withhold the necessary authorisation to the ECVAA for pursuing level one and level two credit default procedures.