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Drax News
UPDATE 2-UK power auction to benefit consumers, but deter new plants
* Auction for 2019/20 capacity clears at 18 pounds/kW * Centrica, SSE, Drax, National Grid among contract winners * Weak price makes new gas plants un...
UK electricity auction awards nearly half of capacity to gas plants
LONDON, Dec 11 (Reuters) - A British auction for backup electricity plants for 2019/20 awarded nearly half of the capacity, or 21.8 gigawatts (GW), to...
UPDATE 1-EU approves UK state aid for RWE biomass-fired power plant
(Adds further details throughout) BRUSSELS/LONDON, Dec 1 (Reuters) - The European Commission has approved British plans to subsidise the conversion of...
RWE, Drax power ahead as UK wins approval to convert Lynemouth power station
(ShareCast News) - Shares in German utility RWE and UK power company Drax rallied after the European Commission approved the UK government's support f...
FTSE 250 movers: Telecom Plus follows market trend, Drax falls on warning from chief executive
(ShareCast News) - The FTSE 250 started the week on a high, rising to 17,367.86 points by mid-afternoon Monday, up 102.76 points (0.60%). Telecom Plus...
UPDATE 1-UK scraps 1 bln stg carbon capture technology scheme
(Updates with details of projects, background) By Susanna Twidale LONDON, Nov 25 (Reuters) - Britain has scrapped plans to spend up to 1 billion pound...
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