REG - Drax Group Plc - Capacity Market Agreements

DraxAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260311:nRSK1282Wa&default-theme=true

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

mark.strafford@drax.com

+44 (0) 7730 763 949

 

Chris Simpson

Chris.Simpson@drax.com

+44 (0) 7923 257 815

 

Media:

Drax External Communications:

Chris Mostyn

chris.mostyn@drax.com

+44 (0) 7743 963 483

 

Andy Low

Andrew.Low@drax.com

+44 (0) 7841 068 415

 

Website: www.drax.com (http://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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRUROARNAUOAUR



            Copyright 2019 Regulatory News Service, all rights reserved