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Elexon adopts alternative CAP review process

Elexon adopts alternative CAP review process

Elexon has announced it will begin using an alternative process to set the Credit Assessment Price (CAP) so it can be adjusted faster in response to the rapidly changing market conditions. Soaring wholesale costs have seen the Balancing and Settlement Code administrator raise the CAP, which is used to calculate the monetary value of the energy indebtedness of BSC parties, multiple times in recent months.

3 years ago

Suppliers will ‘struggle’ to find new gas shipper

3 years ago

Drax submits proposal to allow related companies to aggregate credit cover

Drax has submitted a modification to the Balancing and Settlement Code that would allow companies within the same corporate group to aggregate their credit cover for energy indebtedness. The proposal document said this would relieve them from having to lodge excessive credit cover, lowering costs for themselves and their customers.

3 years ago

Gas shipper CNG to halt supplies to retailers

3 years ago

Gas and coal generators saw huge windfall from September price spikes

The power price spikes in September brought massive windfalls for gas and coal generators, with a number of power stations each raking in tens of millions of pounds in profit during the month, according to analysis by LCP. Rajiv Gogna, a partner at the consultancy, said its monthly ranking of estimated profits by generators was “completely dominated” by combined-cycle gas turbines (CCGTs) and coal plants.

3 years ago

Price cap predicted to rise to almost £1,660

Ofgem’s price cap on energy tariffs is on track to rise to £1,659 in April in next year due to continued increases in wholesale gas and electricity price, Cornwall Insight has predicted. This would represent an increase of £382 – or 35 per cent – on the current level of £1,227 which came into effect at the beginning of October.

3 years ago

BEIS consults on recoupling of day-ahead power auctions

3 years ago

Avro is the acid test for SoLR

3 years ago

Government ‘far too complacent’ over energy failures

3 years ago

Energy UK: There is no cash down the back of the sofa

3 years ago

‘Decade of decisions dodged’ led to energy crisis

3 years ago

‘Suppliers spent a long time ignoring spot markets’

3 years ago

Larger suppliers are ‘really hurting’ from soaring wholesale costs

3 years ago

Elexon looks to hike Credit Assessment Price to £137/MWh

3 years ago

Gas and power prices hit new record highs

3 years ago

‘Perfect storm’ leads to record-high power prices

3 years ago

Ofgem approves implicit trading for interconnector with Norway

3 years ago

On the road to net zero: the battery optimisation opportunity

3 years ago

Renewables can limit the impact of surging global commodity prices

3 years ago

First auction held for UK emissions trading system

3 years ago

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