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Capacity Market Agreements

11th Mar 2026 07:00

RNS Number : 1282W
Drax Group PLC
11 March 2026
 

11 March 2026

Drax Group plc

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

 

Capacity Market Agreements

 

T-4 auction - provisional results for existing assets

Drax confirms that it has provisionally secured agreements to provide a total of 434MW of capacity (de-rated 399MW) principally from its pumped storage and hydro assets(1). The agreements are for the delivery period October 2029 to September 2030, at a provisional clearing price of £27/kW/year(2), with income of around £11 million in that period. These are in addition to agreements for these existing assets which extend to September 2029.

 

Enquiries:

Drax Investor Relations:

Mark Strafford

[email protected]

+44 (0) 7730 763 949

 

Chris Simpson

[email protected]

+44 (0) 7923 257 815

 

Media:

Drax External Communications:

Chris Mostyn

[email protected]

+44 (0) 7743 963 483

 

Andy Low

[email protected]

+44 (0) 7841 068 415

 

Website: www.drax.com

 

Notes:

(1) Cruachan Pumped Storage (units 1 and 2), the Lanark and Galloway hydro schemes (Bonnington, Carsfad, Drumjohn, Earlstoun, Kendoon, Stonebyres, Tongland) and three small legacy gas turbines at Drax Power Station.

(2) Capacity Market T4 2029/30 auction real clearing price, with clearing price indexed to UK CPI prior to Delivery Year.

END

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AGRUROARNAUOAUR

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