Glossary
P308 – Alternative security product for securing credit under the BSC
Formal title: Alternative security product for securing credit under the BSC
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Withdrawn
Summary
P308 proposes to introduce a centrally provided alternative security product as an alternative method for securing credit under the BSC, which Parties could use in place of the existing requirements to provide Credit Cover individually.
Progression
Eggborough Power raised P308 on 4 June 2014. The Panel agreed to submit P308 to a 12 month Assessment Procedure, with the Assessment Report being presented on 11 June 2015. However, at its meeting on 14 May 2015, the Panel approved Elexon’s request for an eight month extension to the P308 Assessment Procedure timetable, with the Assessment Report due by 11 February 2016.
The Proposer’s Representative withdrew Modification P308 on 2 February 2017.