Read our latest Trading Operations Report
ELEXON’s Trading Operations Report (TOR) provides a market-level overview of key events, issues or incidents over the last month, a wide range of statistics on the energy industry and a suite of market graphs.
In June 2018, 17 Credit Default notices were sent to 12 different Parties, compared to 27 notices sent to 16 Parties in May 2018. A Credit Default notice is issued for a Credit Cover Percentage over 80%.
There was one Party in Level 1 Credit Default for eight consecutive days in June 2018; however this was resolved when the Party was able to lower their level of indebtedness. Parties can be in Level 1 Credit Default for 90 continuous days before the Default is escalated to the BSC Panel.
For further information, please email SettlementOperations@elexon.co.uk.