We invite Parties to indicate whether they agree with the proposal to decrease the value of CAP to £54\/MWh from last notified value of £64\/MWh.<\/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-165302","consultation","type-consultation","status-publish","hentry","consultation_type-others","consultation_type-operations-and-settlement"],"acf":[],"semantic_search":{"post_id":165302,"title":"Credit Assessment Price (CAP) consultation: 22 February 2021","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/consultation\/credit-assessment-price-cap-consultation-22-february-2021\/","categories":["Consultations for all Process, Operational and Credit areas","Consultations on Operations and Settlement"],"tags":[],"content":"\n\t
We invite Parties to indicate whether they agree with the proposal to decrease the value of CAP to £54\/MWh from last notified value of £64\/MWh.<\/p>\n\n\t<\/div>\n\n\n\t
As the trigger levels are set at 10% of the CAP value, rounded to the nearest whole pound, this will also increase at +\/-£6\/MWh.<\/p>\n
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 decrease of the CAP to £54\/MWh from the current CAP value of £64\/MWh. A change to CAP can impact the amount of Credit Cover required by a Trading Party.<\/p>\n
If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Tuesday 23 March 2021 and the trigger level will increase to +\/- £5\/MWh.<\/p>\n
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
No responses were in disagreement with the new suggested CAP value. <\/p>\n
On Tuesday 23 March 2021, the CAP value will decrease to £54\/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\/165302","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\/165302\/revisions"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=165302"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=165302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}