Drax has seen success in yesterday's UK Capacity Market auctions provisionally winning an estimated £24m of additional revenue for the hydro and pumped storage assets across FY 28 and FY 29. This builds on success at previous auctions with pricing at £60/kW/year, only slightly below the 2024 T-4 level of £65/kW/year. The company has also provisionally won a longer-term agreement to cover refurbishment at one of the Galloway hydro assets.
