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The Guardian - Back to homeThe Guardian

Drax

July 2024

  • Sunset over the Drax power station in North Yorkshire in 2020.

    Drax Group to give shareholders £300m windfall as profits rise

    Owner of North Yorkshire power station earned £393m in government subsidies for biomass

January 2024

  • Biomass fuel storage tanks stand in the Drax power station near Selby.

    Questions over £22bn in UK billpayer cash handed to wood-burning firms

    Spending watchdog calls for biomass subsidy scheme to have tougher environmental requirements
  • A house next to six cooling towers in a rural landscape

    Fury at plan to extend Drax subsidy to burn trees for electricity

    Climate groups and MPs criticise proposals for consumers to foot bill to support biomass plant after existing scheme ends in 2027
  • FILE PHOTO: Sunset over Drax power station in North Yorkshire<br>FILE PHOTO: Drax power station is pictured during the sunset in Drax, North Yorkshire, Britain, November 27, 2020. REUTERS/Lee Smith/File Photo

    Drax gets go-ahead for carbon capture project at estimated £40bn cost to bill-payers

    Scheme to convert biomass units could become one of world’s most expensive energy projects, experts say

August 2023

  • Biomass fuel storage tanks at the Drax power station near Selby, North Yorkshire.

    Drax denies use of subsidy loophole to avoid £639m payout to households

    Bloomberg alleges Drax idled an electricity generating unit and resold its biomass pellets rather than return money to bill payers

June 2023

  • Ratcliffe-on-Soar power station

    UK to run only one coal-fired power plant this winter

  • Cooling towers at the Drax coal-fired power station near Selby, northern England.

    National Grid in talks with Drax to revive coal-fired units

May 2023

  • Aerial view of a large power station with several chimneys in a rural landscape

    Ofgem to investigate Drax compliance with biomass reporting rules

  • The Drax power station in Selby, North Yorkshire.

    Drax-owned wood pellet plant in US broke air pollution rules again

April 2023

  • A general view of Drax power station in Selby, England, in 2020

    Drax announces £150m share buyback after record profits

  • A train crosses the River Weaver viaduct near Frodsham windfarm in Cheshire. The north already generated 50% of England’s renewable energy, the group said.

    Businesses in north of England ask ministers for help to hit net zero

March 2023

  • Sunset over Drax power station in North Yorkshire

    UK energy strategy casts doubt on Drax’s carbon capture project

    Shares in turmoil as government’s plan seems to rule out North Yorkshire biomass plant from race for subsidies
  • Drax power station in North Yorkshire

    Net zero tsar and senior Tories among those urging biomass subsidies rethink

    Exclusive: Jacob Rees-Mogg and Chris Grayling express concern at system under which Drax made £617m in 2022
  • Drax power station

    Drax chief’s pay packet jumped almost 70% to £5.4m in 2022

    Campaigners say Will Gardiner’s pay rise comes from subsidies on energy bills paid for by public and accuse firm of greenwashing

February 2023

  • Drax power station in North Yorkshire.

    Call to cut UK subsidies as Drax power station profits nearly double

  • Drax power plant in North Yorkshire.

    Drax power plant workers to strike nine times in three months

January 2023

  • steam billows out

    National Grid stands down coal power plants readied to help France

  • Sunset over Drax power station in North Yorkshire.

    Greenpeace accuses Treasury of distorting its stance on biomass burning

December 2022

  • Nils Pratley

    Nils Pratley on finance
    Currys no longer flavour of the month in the Scando countries

    Nils Pratley
    It seems nothing is ever straightforward with the UK’s foremost electrical retailer

November 2022

  • Nils Pratley

    Nils Pratley on finance
    Hunt’s windfall tax on energy leaves several billion on the table

    Nils Pratley
    The chancellor’s statement, viewed through the lens of companies and investors, looks ‘a very reasonable outcome’
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