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Credit Assessment Price (CAP) review process consultation

Posted: 19 April 2017

We have issued a consultation paper on amending the process for reviewing the Credit Assessment Price (CAP), which is available on the Consultations page of our website.

We invite Trading Parties to indicate whether they agree with the proposal to improve the efficiency of the process by automatically setting the CAP to the new reference price unless at least one BSC Party or Credit Committee member requests a meeting to be held. These proposed changes will allow for a more efficient process whilst maintaining the necessary levels of control around the CAP value. More information on the proposal can be found in the BSC Panel paper 265/09 presented at the April 2017 Panel meeting. The proposed changes will affect how the CAP is set, which can affect the level of Credit Cover BSC Parties have to lodge. Therefore we encourage you to respond to the consultation.

You are invited to respond to this consultation using the consultation proforma. Please submit your responses to Credit.Committee@elexon.co.uk by 17:00 on Tuesday 2 May 2017.

For more information, please contact the BSC Service Desk on 0870 010 6950 or email Credit.Committee@elexon.co.uk.