11th Mar 2026 10:46
Drax Group PLC - Selby, North Yorkshire-based electricity generator - Says it has provisionally secured agreements to provide 434 megawatts of capacity, principally from its pumped storage and hydro assets. Explains the deals are for the delivery period from October 2029 to September 2030, with a provisional clearing price of GBP27 per kilowatt per year, and income of around GBP11 million.
"These are in addition to agreements for these existing assets which extend to September 2029," says Drax.
Current stock price: 870.50 pence, down 0.1% on Wednesday morning in London
12-month change: up 55%
By Christopher Ward, Alliance News reporter
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