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Training on Credit and Credit Default

Who Should Attend?

This course will interest customers who want to understand the Credit Cover arrangements and in particular new BSC Parties before they register their first Balancing Mechanism (BM) Unit. We can combine this course with the short ‘The Basics of Imbalance Settlement’ course as a follow on as the two are closely related. This combination is highly recommended to new or future BSC Parties.

Course Overview

This course will cover

  • Why BSC Parties need Credit Cover
  • The calculation of Credit Cover
  • Credit Default
  • Consequences of Credit Default
  • Payment Default
  • Preparing to trade – Credit Cover preparation for new BSC Parties.

Course Objectives

At the end of the course, delegates will understand:

  • How Energy Indebtedness is calculated (Estimated and Actual)
  • How Credit Cover Percentage is calculated
  • The Credit Default Levels and consequences
  • The role of the Energy Contract Volume Aggregation Agent in Credit Cover
  • The role of the Funds Administration Agent in Credit Cover
  • The Payment Default process.


Date: On Demand

Location: ELEXON or customers’ offices

Cost: This course is free of charge to BSC Parties and BSC Party Agents. ELEXON may charge other organisations for training services

Click here to register for 'Training on Credit and Credit Default'