A fine for an inadvertent rules breach feels to us like a symptom of an unusually volatile market in which Drax is working hard to maximise value. We continue to see the Cruachan asset as benefiting strongly in the current market because it can deliver the flexibility that volatile demand and supply require. Drax has already reviewed procedures, but we do not see changes as materially affecting the value of the asset or the company’s trading ability.
16 Jan 2023
Drax Group - Hiccup In An Unprecedented Market
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Drax Group - Hiccup In An Unprecedented Market
Drax Group plc (DRX:LON) | 479 0 0.0% | Mkt Cap: 1,853m
- Published:
16 Jan 2023 -
Author:
Adam Forsyth -
Pages:
6
A fine for an inadvertent rules breach feels to us like a symptom of an unusually volatile market in which Drax is working hard to maximise value. We continue to see the Cruachan asset as benefiting strongly in the current market because it can deliver the flexibility that volatile demand and supply require. Drax has already reviewed procedures, but we do not see changes as materially affecting the value of the asset or the company’s trading ability.