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In order to enter the Capacity Market Auction, some Applicants will need to lodge Credit Cover with the Settlement Body as part of Pre-qualification.

Only Applicants that receive a notice on Pre-qualification Results Day from the Delivery Body that states Pre-qualification of their Capacity Market Unit(s) (CMU(s)) is conditional on providing Credit Cover must lodge Credit Cover. Once the notice of conditional Pre-qualification has been received the Applicant must complete the following within 5 working days:

• Lodge Credit Cover in the form of cash or Letter of Credit for each applicable CMU, and,
• Submit an Applicant Information Form

For more information on this process please read the Working Practice – Applicant Credit Cover Process. If you have any queries on this process please email [email protected].