{"id":155058,"date":"2020-09-07T16:31:43","date_gmt":"2020-09-07T15:31:43","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=consultation&#038;p=155058"},"modified":"2020-09-16T16:40:13","modified_gmt":"2020-09-16T15:40:13","slug":"credit-assessment-price-cap-consultation-7-september-2020","status":"publish","type":"consultation","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/consultation\/credit-assessment-price-cap-consultation-7-september-2020\/","title":{"rendered":"Credit Assessment Price (CAP) consultation: 7 September 2020"},"content":{"rendered":"<p>&#xA0;<\/p>\n<p>&#xA0;<\/p>\n<p>&#xA0;<\/p>\n\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false},"tags":[],"class_list":["post-155058","consultation","type-consultation","status-publish","hentry","consultation_type-others","consultation_type-operations-and-settlement"],"acf":[],"semantic_search":{"post_id":155058,"title":"Credit Assessment Price (CAP) consultation: 7 September 2020","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/consultation\/credit-assessment-price-cap-consultation-7-september-2020\/","categories":["Consultations for all Process, Operational and Credit areas","Consultations on Operations and Settlement"],"tags":[],"content":"\n\t<div class=\"panel-content\">\n\t\t<p>We have issued a consultation paper on the value of Credit Assessment Price (CAP). &#xA0;We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to &#xA3;56\/MWh from last notified value of &#xA3;46\/MWh.<\/p>\n\n\t<\/div>\n\n\n\t<div class=\"panel-section panel-content summary\">\n\t\t<h2>Who will this impact?<\/h2>\t\t<p>As the trigger levels are set at 10% of the CAP value, rounded to the nearest whole pound, this will also increase at +\/-&#xA3;6\/MWh.<\/p>\n<p>The Credit Assessment Price (CAP) is used in the Energy Indebtedness calculations to convert Credit Cover into an energy value. We are consulting on an increase of the CAP to &#xA3;46\/MWh from the current CAP value of &#xA3;36\/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.<\/p>\n<p>If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Thursday 10 September 2020 and the trigger level will increase to +\/- &#xA3;5\/MWh.<\/p>\n<p>If at least one respondent or Credit Committee member requests it or disagrees with the proposed value, Elexon will arrange a Credit Committee meeting. The Credit Committee will determine if a change needs to be made to the value of the CAP, the trigger level and when any new value should be implemented.<\/p>\n<h2 id=\"outcome\">Outcome<\/h2>\n<p>No responses were in disagreement with the new suggested CAP value.&#xA0;<\/p>\n<p>On Wednesday 7 October 2020, the CAP value will increase &#xA3;56\/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.<\/p>\n\n\t<\/div>\n\n\n\n","s3_url":""},"_links":{"self":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/consultation\/155058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/consultation"}],"about":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/types\/consultation"}],"version-history":[{"count":0,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/consultation\/155058\/revisions"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=155058"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=155058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}