Success in the T-4 Capacity Market auction for Drax adds to the existing benefits of the company’s pumped storage and hydro assets. This auction was largely driven by other battery storage assets entering the market and we see this as potentially positive for pricing in future auctions. Drax has already signalled that the Cruachan Pumped Storage project did well in FY 22 and we expect this to be confirmed in the preliminary results statement due tomorrow.