The UK government and Drax have agreed a deal that will halve the energy producer's subsidies over 2027-2031, while ensuring ...

Drax, a former coal-fired plant which now burns wood pellets ... Meeting this target will require a large increase in renewable energy, such as wind and solar, as well as projects that store ...

A new Contracts for Difference (CfD) agreement between the UK Government and Drax, for the 2027 to 2031 period, stipulates that generation will be reduced to when it is “really” needed. At present, ...

The power station, a converted coal plant in north ... classed as a source of renewable energy. Though there are plans to eventually capture the carbon emitted from Drax, its emissions from ...

New subsidies have been announced for wood-burning power plant Drax, which the Government ... for burning wood pellets, classed as renewable energy. Environmental groups and campaigners have ...

Money latest: Costco membership 'shake-up' DESNZ said Drax would also play a much more limited role in the power system in that time, providing electricity only when it is really needed. Drax, a ...

The contribution to energy bills from a government deal with a biomass electricity provider will fall in the coming years as subsidies are cut under a new agreement. The Department for Energy Security ...