Drax continues to provide critical capacity to a stressed power market and now adds contingency this winter by delaying closure of its remaining coal-fired units at the government’s request. The agreement provides a useful fee for Drax. Additionally, prioritising winter running of biomass will also aid security when it is most needed and again Drax should benefit from this. Against these factors the revised guidance makes clear sense and we have increased our forecasts accordingly. Our central c ....
06 Jul 2022
Drax Group - Drax to Provide Winter Contingency
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Drax Group - Drax to Provide Winter Contingency
Drax Group plc (DRX:LON) | 507 68 2.7% | Mkt Cap: 1,961m
- Published:
06 Jul 2022 -
Author:
Adam Forsyth -
Pages:
6
Drax continues to provide critical capacity to a stressed power market and now adds contingency this winter by delaying closure of its remaining coal-fired units at the government’s request. The agreement provides a useful fee for Drax. Additionally, prioritising winter running of biomass will also aid security when it is most needed and again Drax should benefit from this. Against these factors the revised guidance makes clear sense and we have increased our forecasts accordingly. Our central c ....