Decrease in the Credit Assessment Price (CAP) to £47/MWh effective from Tuesday 6 March 2018
A consultation paper on the value of CAP was issued on Monday 5 February 2018 following a breach of the CAP trigger level. Parties were invited to indicate whether they agreed with the proposal to decrease the value of CAP to £47/MWh, from its current approved level of £55/MWh.
The consultation closed on Monday 12 February 2018. All responses were in agreement with the proposed value and therefore, in accordance with the CAP Review Guidance, a Credit Committee meeting will not be held.
On Tuesday 6 March 2018, the CAP value will decrease from £55/MWh to £47/MWh. As a result, Parties may notice a change in their Credit Cover Percentage, and should review the amount of Credit Cover lodged.
The CAP review trigger level value will remain at its current value of +/- £6/MWh.
For more information, please see our FAQs or contact Credit.Committee@elexon.co.uk.
No further information is included in this circular. To download the published Circular please see EL02761.