UK's Drax secures capacity deal worth nearly $15 million
11/03/2026 07:24
March 11 (Reuters) - British power group Drax DRX.L said on Wednesday that it has provisionally secured agreements to provide 434 megawatts of power, primarily from its pumped storage and hydro plants, earning about 11 million pounds ($14.79 million) for the delivery period. The agreements, which cover October 2029 to September 2030, were secured at a provisional clearing price of 27 pounds per kilowatt per year in the T-4 auction for existing assets. ($1 = 0.7438 pounds) (Reporting by Raechel Thankam Job in Bengaluru; Editing by Sonia Cheema) ((RaechelThankam.Job@thomsonreuters.com;))