{"id":171826,"date":"2021-07-05T14:19:28","date_gmt":"2021-07-05T13:19:28","guid":{"rendered":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/?post_type=consultation&#038;p=171826"},"modified":"2021-07-09T11:06:13","modified_gmt":"2021-07-09T10:06:13","slug":"credit-assessment-price-consultation-5-july-2021","status":"publish","type":"consultation","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/consultation\/credit-assessment-price-consultation-5-july-2021\/","title":{"rendered":"Credit Assessment Price Consultation 5 July 2021"},"content":{"rendered":"","protected":false},"featured_media":159082,"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-171826","consultation","type-consultation","status-publish","has-post-thumbnail","hentry","consultation_type-others","consultation_type-operations-and-settlement"],"acf":[],"semantic_search":{"post_id":171826,"title":"Credit Assessment Price Consultation 5 July 2021","link":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/consultation\/credit-assessment-price-consultation-5-july-2021\/","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 the Credit Assessment Price (CAP). We invite Parties to indicate whether they agree with the proposal to increase the CAP to &#xA3;96\/MWh from the current value of &#xA3;77\/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>A trigger event has occurred, meaning that the absolute difference between the CAP and the reference price is greater than the current trigger level of +\/- &#xA3;8\/MWh. As a result, a consultation on a new CAP value has commenced. The proposal is to an increase of the CAP to &#xA3;96\/MWh from the current value of &#xA3;77\/MWh.<\/p>\n<p>A change to CAP can impact the amount of Credit Cover required by a BSC Party.<\/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=\"relevant-dates\">Relevant dates<\/h2>\n<p>The consultation period will end at 17:00 on Tuesday 13 July 2021.<\/p>\n<p>If all respondents and Credit Committee members are in agreement, the proposed value will be implemented on Tuesday 3 August 2021.<\/p>\n<h2 id=\"how-do-i-respond\">How do I respond?<\/h2>\n<p>BSC Parties are invited to respond to this consultation using the proforma available on this Consultations page of the Elexon website.<\/p>\n<p>Please return responses to <a href=\"mailto:Credit.Committee@elexon.co.uk\">Credit.Committee@elexon.co.uk<\/a> by 17:00 on Tuesday 13 July 2021.<\/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\/171826","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\/171826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media\/159082"}],"wp:attachment":[{"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/media?parent=171826"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elexon-beta.elexonhostings.co.uk\/bsc\/wp-json\/wp\/v2\/tags?post=171826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}