Credit Assessment Price Review Process (CAP)

This sets out the processes ELEXON uses to determine when a review of the Credit Assessment Price (CAP) will be held and the procedures followed during a review of the CAP value. The CAP is defined in Section M of the BSC. The CAP is essentially a parameter used to convert Actual Energy Indebtedness and the credit cover lodged by a BSC Party into an equivalent MWh amount.