LA test CAP consultation 25 June
Following an increase in forward market prices, a Credit Assessment Price (CAP) review was triggered. We invite Parties to indicate whether they agree with the proposal to increase the value of CAP to £77/MWh from last notified value of £70/MWh.
Status
Outcome
This is the outcome to this consultation.
Original consultation
Who will this impact?
Changes in the Credit Assessment Price can affect all parties.
The CAP potentially affects the amount of Credit Cover that Parties are required to lodge, and so we encourage Parties to respond to the consultation.
What is proposed?
As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would change to
+/-£8/MWh.
This would be implemented on 16 June 2021.
As the trigger level is set at 10% of the CAP value, rounded to the nearest whole pound, this would change to
+/-£8/MWh.
However, if one or more respondents or a Credit Committee member requests it, Elexon will arrange a Credit Committee meeting after the consultation closes to determine whether a new CAP should be set. If a new CAP value is to be set, the Credit Committee will also determine its value.
Documents
Credit Assessment Price (CAP) consultation: 9 September 2019
DownloadCredit Assessment Price (CAP) consultation proforma: 9 September 2019
DownloadIf there needs to be a committee meeting
If one or more respondents or a Credit Committee member requests it, Elexon will arrange a Credit Committee meeting after the consultation closes to determine whether a new CAP should be set. If a new CAP value is to be set, the Credit Committee will also determine its value.