Drax workers to vote on strikes, potentially joining French counterparts
Drax workers will vote on strike action from Wednesday, threatening to cut UK power generation as French workers walk-out
Company
Drax Group
LON:DRX
Drax Group is the owner and operator of Drax Power Station, the largest, cleanest and most efficient coal-fired power station in the UK.
228 stories · page 6 of 12
Drax a ‘buy’ as it benefits from generator levy allowances
Drax will likely benefit from allowances granted in the new electricity generator levy, say Liberum analysts
New levy threatens investment in UK renewables – report
The new windfall tax on electricity generators will threaten investment into UK renewables, according to the REA
Coal consumption to hit record in 2022 predicts IEA
Global consumption of coal will exceed 8bn tonnes this year for the first time ever
Wholesale energy prices soar as perfect storm hits UK
Energy prices spiked on Monday as the UK turned to gas amid the cold snap and a lack of wind
Drax expansion of Scottish hydro plant furthers hopes for UK’s net-zero target – analyst
Drax announced preliminary work had begun on its new hydro plant earlier this week
Drax slammed by ministers for being UK’s ‘biggest emitter’
Drax's chief executive disputed the power company’s position as the UK’s largest emitter of carbon dioxide as he faced questioning from ministers
Centrica and Drax shares jump as windfall tax on electricity generators shrugged off
Analysts said the trio had nothing to fear from an energy profits levy
Drax could face £1.5bn windfall tax burden but concerns are 'overdone', says analyst
Analysts are now assuming a 35% additional tax on power generation for just over five years to be announced in the new mini-budget later this week
Drax Group pledges to work with government on revenue cap proposals
The company was responding to the UK Government's plan to introduce an Energy Prices Bill which will include legislation for a temporary cost-plus revenue limit for renewable electricity generation and a voluntary Contracts for Difference (
Drax cuts down environmentally-important forests despite £6bn green energy subsidies from taxpayer
Panorama took satellite images, traced logging licences and used drone filming to confirm its findings
Drax and renewable energy producers in negotiations with government over long-term prices
Energy generators are being asked to supply electricity below current market rates in return for mult-year deals
Drax faces hardening of government legislation concerning biomass, says Citi
The business secretary said it is a 'huge cost financially and environmentally'
Drax tumbles on Kwarteng criticism of imported wood for biomass energy
The business secretary was said by colleagues to remain fully supportive of the company and the biomass sector
Archive
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Drax gets earnings lift after agreeing to extend coal station lifecycle
The power producer recently agreed to extend the life of its Yorkshire coal plant at the government's behest
Drax shares fired up on winter coal-burning deal with National Grid
Following a government call, the Yorkshire power station has agreed to provide a coal-fired backup service from October until the end of March 2023