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Latest Share Chat

  2. Share Prices
  3. Drax Share Price
  4. Drax Share Regulatory News
  5. Capacity Market Agreements

Pin to quick picksDrax Regulatory News (DRX)

Drax Information

Share Price Information for Drax (DRX)

Share Price is delayed by 15 minutes
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769.00    17.50 (2.33%)
Bid:
769.50
Ask:
770.50
Spread: 1.00 (0.13%)
Market Cap: £2.59b
DRX Live PriceLast checked at - London Stock Exchange

Intraday Drax Share Chart

Capacity Market Agreements

23 Feb 2022 09:00

RNS Number : 5553C
Drax Group PLC
23 February 2022
 

23 February 2022

Drax Group plc

("Drax" or the "Company"; Symbol: DRX)

 

Capacity Market Agreements

 

T-4 auction - provisional results for existing pumped storage and hydro assets

Drax confirms that it has provisionally secured agreements to provide a total of 621MW of capacity (de-rated 586MW) principally from its pumped storage and hydro assets(1). The agreements are for the delivery period October 2025 to September 2026, at a price of £30.59/kW(2), with income of around £18 million in that period. These are in addition to existing agreements which extend to September 2025.

 

 

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 7730 763 949

 

Media:

Drax External Communications: Aidan Kerr

+44 (0) 7849 090 368

 

Website: www.drax.com

 

Notes:

(1) Cruachan Pumped Storage, the Galloway hydro scheme (Tongland, Kendoon and Glenlee) and three small legacy gas turbines at Drax Power Station (96MW, de-rated 92MW).

(2) Capacity Market agreements stated in 2020/21 real-terms, with payments indexed to UK CPI.

END

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2nd Jan 202610:45 amRNSTotal Voting Rights
2nd Jan 20267:00 amRNSHolding(s) in Company
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22nd Dec 202512:00 pmRNSHolding(s) in Company
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