List of homepage news articles

Following an increase in forward market prices, a Credit Assessment Price (CAP) review was triggered. There is now a consultation paper on the value of the CAP which asks whether you agree with the proposal to increase the value of CAP.

The proposal is to increase the value of CAP to £68/MWh from last notified value of £60/MWh.

Today (26 April) we have published the Architecture Working Group (AWG) consultation on the reference architecture to support Market-wide Half Hourly Settlement (MHHS) implementation.

The additional meter readings available from smart meters will result in a big increase in the volume and frequency of meter data that needs to be settled. This requires a different approach to the way energy companies interact with each other and Settlement data. The reference architecture sets out the framework for this new data integration.

A Consultation paper on the value of Credit Assessment Price (CAP) was issued on Monday 12 April 2021 following a breach of the CAP trigger level. No responses disagreed with the proposed value and its was agreed that CAP value will increase to £60/MWh.

This Saturday marked the 20^th anniversary of the Balancing and Settlement Code (BSC), which was launched as part of NETA (the New Electricity Trading arrangements) on 27 March 2001.

The Credit Committee deemed it appropriate to keep the Credit Assessment Price (CAP) at the current price of £30/MWh. Discussions were held by the Committee regarding whether to revise the current price of £30/MWh following recent changes in forward market prices.

As part of Elexon’s commitment to improving access to electricity market data, we have now made some electricity Settlement data available via a new Open Settlement Data page.

Modification P379 ‘Multiple Suppliers through Meter Splitting’ has been withdrawn by the proposer after independent analysis of the proposal showed that the costs for implementing it would significantly outweigh the benefits.