Drax power plant to go on earning ‘over £1m a day’ from burning wood pellets
Analysts say Britain’s biggest power plant in line to earn £458.6m a year under new government subsidy contractBritain’s biggest power plant will continue to earn more than £1m a day from burning wood pellets under a new government subsidy contract designed to halve its financial support,...
<p>Analysts say Britain’s biggest power plant in line to earn £458.6m a year under new government subsidy contract</p><p>Britain’s biggest power plant will continue to earn more than £1m a day from burning wood pellets under a new government subsidy contract designed to halve its financial support, according to analysts.</p><p>The Drax power plant in North Yorkshire is in line to earn £458.6m a year between 2027 and 2031 after the government <a href="https://www.theguardian.com/business/2025/feb/10/uk-subsidies-for-drax-sustainable-wood-power-plant">agreed to extend its subsidies beyond 2026</a>, according to analysts at Ember, a climate thinktank.</p> <a href="https://www.theguardian.com/business/2025/nov/05/drax-power-plant-to-go-on-earning-over-1m-a-day-from-burning-wood-pellets">Continue reading...</a>
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