Glossary

Calculating credit cover: News

View Consultation: decreasing CAP to £72 from 7 August 2024

Consultation: decreasing CAP to £72 from 7 August 2024

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £72 from 7 August 2024. This two-day consultation will close at 17:00 on 23 July 2024.

View Consultation: increasing CAP to £78 from 18 June 2024

Consultation: increasing CAP to £78 from 18 June 2024

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £78 from 18 June 2024. This two-day consultation will close at 17:00 on 31 May 2024.

View Consultation: increasing CAP to £70 from 31 May 2024

Consultation: increasing CAP to £70 from 31 May 2024

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £70 from 31 May 2024. This two-day consultation will close at 17:00 on 15 May 2024.

View Consultation: decreasing CAP to £100 from 4 January 2024

Consultation: decreasing CAP to £100 from 4 January 2024

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £100 from 4 January 2024. This two-day consultation will close at 17:00 on 15 December 2023.

View Consultation: increasing CAP to £120 from 21 November 2023

Consultation: increasing CAP to £120 from 21 November 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £120 from 21 November 2023. This two-day consultation will close at 17:00 on 6 November 2023.

View Consultation: increasing CAP to £130 from 3 November 2023

Consultation: increasing CAP to £130 from 3 November 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £130 from 3 November 2023. This two-day consultation will close at 17:00 on 19 October 2023.

View Consultation: increasing CAP to £95 from 5 September 2023

Consultation: increasing CAP to £95 from 5 September 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £95 from 5 September 2023. This two-day consultation closed at 17:00 on 18 August 2023.

View Consultation: decreasing CAP to £90 from 2 August 2023

Consultation: decreasing CAP to £90 from 2 August 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 2 August 2023. This two-day consultation will close at 17:00 on 18 July 2023.

View Consultation: increasing CAP to £100 from 5 July 2023

Consultation: increasing CAP to £100 from 5 July 2023

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £100 from 5 July 2023. This two-day consultation will close at 17:00 on 20 June 2023.

View Consultation: decreasing CAP to £90 from 13 June 2023

Consultation: decreasing CAP to £90 from 13 June 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £90 from 13 June 2023. This two-day consultation will close at 17:00 on 25 May 2023.

View Consultation: decreasing CAP to £125 from 14 April 2023

Consultation: decreasing CAP to £125 from 14 April 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £125 from 14 April 2023. This two-day consultation will close at 17:00 on 28 March 2023.

View Consultation: decreasing the CAP to £140/MWh from 22 March 2023

Consultation: decreasing the CAP to £140/MWh from 22 March 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £140/MWh from 22 March 2023. This two-day consultation will close at 17:00 on 7 March 2023.

View Consultation: decreasing the CAP to £155/MWh from 1 March 2023

Consultation: decreasing the CAP to £155/MWh from 1 March 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £155/MWh from 1 March 2023. This two-day consultation will close at 17:00 on 14 February 2023.

View Give your feedback on BSC Credit Cover Arrangements

Give your feedback on BSC Credit Cover Arrangements

Ahead of the first meeting of BSC Issue 106 ‘Review of BSC Credit Cover Arrangements’, we are seeking feedback from stakeholders via a short (5-10 min) survey. Survey responses will be used to inform the meeting materials and focus areas for the first meeting, and must be submitted by 17:00 on Wednesday 15 February.

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View Consultation: decreasing CAP to £170 from 3 February 2023

Consultation: decreasing CAP to £170 from 3 February 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £170/MWh from 3 February 2023. This two-day consultation will close at 17:00 on 19 January 2023.

Earlier this month, the Credit Committee notified a Credit Assessment Price (CAP) decrease to £220/MWh from 20 January 2023. A further decrease in forward market prices has prompted the Credit Committee to propose a £170/MWh CAP value effective from 3 February 2023 for consultation.

View Consultation: decreasing CAP to £250 from 20 January 2023

Consultation: decreasing CAP to £250 from 20 January 2023

This page gives details of a consultation on decreasing the Credit Assessment Price (CAP) to £250/MWh from 20 January 2023. This two-day consultation will close at 17:00 on 5 January 2023.

View Consultation: revising CAP to £400 from 5 January 2023

Consultation: revising CAP to £400 from 5 January 2023

This page gives details of a consultation on revising the Credit Assessment Price (CAP) to £400/MWh from 5 January 2023. This two-day consultation will close at 17:00 on 16 December 2022.

Earlier this month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £450/MWh from 21 December 2022. However, a decrease in forward prices since this was notified has resulted in an additional CAP value of £400/MWh effective from 5 January 2023 to be proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to change the CAP, or the option to withdraw any notified CAP(s) when further data is available closer to the implementation date.

View Consultation: increasing CAP to £490 from 21 December 2022

Consultation: increasing CAP to £490 from 21 December 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £490/MWh from 21 December. This two-day consultation will close at 10:00 on 7 December 2022.

Last month, the Credit Committee confirmed a Credit Assessment Price (CAP) increase to £350/MWh from 14 December 2022. However, significant increases in forward prices since this was notified has resulted in an additional higher CAP value of £490/MWh effective from 21 December 2022 to be proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP if System Prices significantly increases, or the option to withdraw when further data is available closer to the implementation date.

View Consultation: increasing CAP to £300/MWh from 30 November 2022

Consultation: increasing CAP to £300/MWh from 30 November 2022

This page gives details of a consultation on increasing the Credit Assessment Price (CAP) to £300/MWh from 30 November. This two-day consultation will close at 10:00 on 16 November 2022.

Last month, the Credit Committee confirmed a Credit Assessment Price (CAP) at £250/MWh from 8 November 2022. However, following prices in December remaining higher, a CAP value of £300/MWh effective from 30 November 2022 has been proposed by the Credit Committee for consultation. This gives the Credit Committee the optionality to increase the CAP were December prices to remain higher, or the option to withdraw it if prices remain steady, or decrease, when further data is available closer to December delivery.

View Changes to Settlement Calendars due to additional Bank Holiday on 19 Sept 2022

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.

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View Withdrawing the CAP of £510/MWh resulting in CAP staying at £415/MWh

Withdrawing the CAP of £510/MWh resulting in CAP staying at £415/MWh

The Credit Committee has decided to withdraw the notified Credit Assessment Price (CAP) of £510/MWh before implementation on 7 September 2022. This means the current CAP value of £415/MWh remains valid at least until it is replaced by the next scheduled CAP of £475/MWh on 16 September.

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