List of homepage news articles
This page lists all of the news articles we have produced over the last year. Any news articles older than 1 year are removed from the website as they will have concluded their designated lifecycle. Please contact us if you are looking for specific information on any subjects we have covered.
Consultation: revising CAP to £300/MWh from 8 November 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £300/MWh from 8 November. This two-day consultation will close at 10:00 on 25 October 2022.
Consultation on Credit Assessment Price increase to £525/MWh from 1 November 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £525/MWh from 1 November. This two-day consultation will close at 17:00 on 17 October 2022.
New features added to the digital code
We launched our digital code site in April 2022 to recreate 460 Balancing and Settlement Code (BSC) documents in a far easier to browse format. The digital code is now the single source for BSC documents and around 400 people are using it each day. The PDFs of all of the code documents have been retired from main BSC website (www.elexon.co.uk) and will now redirect you to the digital code equivalent.
Consultation: Credit Assessment Price revision for mid-October 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £420/MWh from 12 October 2022 and to £465/MWh from 19 October. This two-day consultation will close at 17:00 on 27 September 2022.
Elexon to administer payments to Suppliers for the Government’s energy price guarantee
Following the approval of Balancing and Settlement Code Modification (BSC) P446 ‘Energy Price Guarantee Scheme for domestic customers’ by Ofgem, Elexon is pleased to have been appointed as Scheme Administrator.
Elexon responds to the Government and Ofgem’s consultation on ownership of the company
Source: Elexon corporate websiteWe have published our response to the consultation by BEIS and Ofgem on the ownership of Elexon, stating our preference for industry ownership through a ‘federated model’.
Consultation: Credit Assessment Price decrease to £350/MWh from 7 October 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £350/MWh from 7 October 2022. This two-day consultation will close at 17:00 on 22 September 2022.
P446 Urgent Modification Consultation
This Modification seeks to enable Elexon (BSCCo) to implement and administer the payment scheme for Suppliers as part of the Government’s Energy Price Guarantee (EPG) scheme for domestic electricity customers. The intention of the subsidy would be to reduce consumer tariffs in light of the recent rises in energy costs.
Changes to Settlement Calendars due to additional Bank Holiday on 19 Sept 2022
Due to the announcement of an additional Bank Holiday on 19 September 2022 for the Queen’s funeral, Elexon are currently working through re-aligning all impacted Settlement Calendars.
Consultation: CAP increase to £565/MWh from 15 September 2022
This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £565/MWh from 15 September 2022. This two-day consultation will close at 17:00 on 31 August 2022.
Outcome
The Credit Committee has decided to withdraw the previously notified CAP of £475/MWh that was due for implementation from 16 September. This decision follows on from recent decreases in the forward market prices and means that the current CAP of £415/MWh will remain valid on and beyond 16 September until the next scheduled CAP replaces it.
- Elexon Circular EL03664 – first outcome where the Credit Committee did not go ahead with the consulted CAP but set a £475/MWh CAP
- Elexon Circular EL03676 – second outcome withdrawing of the £475/MWh CAP