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Issue 514 | P308

Issue 514 | P308

Josephine Lord Josephine Lord Consultant

Industry consultationP308 Alternative Security Product for Security Credit Under the BSC 13 August 2015 Elexon issued an industry consultation for this proposal on 3 August, which was raised in June 2014 by Eggborough Power. The proposal seeks to introduce a security product that would be provided centrally as an alternative to the current arrangements for securing credit under the BSC. It seeks to address a concern that the level of credit held under the BSC is very high and above the actual risk that parties are likely to incur. The proposer argues that the problem is compounded by requiring parties to provide credit cover ...

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