Drax has seen success in yesterday’s Capacity Market auction, securing contracts which extend support for the Cruachan pumped storage project and the hydro projects in Scotland. It has also won long term contracts for three of the four small gas peakers it has under option. Any development of these remains subject to the Group’s decarbonisation plans. The market clearing prices were broadly in line with previous years. There is some speculation that prices will be stronger in future rounds as co ....
11 Mar 2021
Drax Group – Capacity Market Success
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Drax Group – Capacity Market Success
Drax Group plc (DRX:LON) | 522 -36.6 (-1.3%) | Mkt Cap: 2,021m
- Published:
11 Mar 2021 -
Author:
Adam Forsyth -
Pages:
6
Drax has seen success in yesterday’s Capacity Market auction, securing contracts which extend support for the Cruachan pumped storage project and the hydro projects in Scotland. It has also won long term contracts for three of the four small gas peakers it has under option. Any development of these remains subject to the Group’s decarbonisation plans. The market clearing prices were broadly in line with previous years. There is some speculation that prices will be stronger in future rounds as co ....