Delay in applying increased Credit Assessment Price
What is happening?
The Credit Assessment Price (CAP) of £59/MWh was due to be effective from Settlement Period 1 (00:00) on 15 August 2018, as per the News Item.
There has been a system issue which has caused a delay in applying the new CAP value and as such Parties’ Credit Cover Percentage has continued to be calculated using the previous CAP of £53/MWh.
The correct CAP value £59/MWh has been applied and Energy Contract Volume Aggregation Agent (ECVAA) will use the new Actual Energy Indebtedness (AEI) from Settlement Period 1 on 18 August 2018.
How will I be impacted?
The Credit Cover Percentage calculation has been re-run today following the update to the CAP value and changes will be correctly reflected from Settlement Period 1 (00:00) on 18 August 2018. The ELEXON Portal will not display the correct indebtedness total and percentage until the new AEI is effectively used by ECVAA tomorrow.
As a result of applying the new CAP value, Parties may notice a change in their Credit Cover Percentage. If there are any Credit warnings on 18 August 2018, a Query Period will operate as per normal business processes until 14:00 Monday 20 August 2018.
Is there anything else I need to know?
If there are any concerns in relation to this, please contact firstname.lastname@example.org