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Drax UK power station to receive more government subsidies

Summary by Financial Times
New deal will allow Yorkshire-based plant to continue operating beyond 2027 but reduces support

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NRDCNRDC

United Kingdom Hands Billions More in Subsidies to Drax for Tree-Burning Bioenergy

The decision will give Drax £2 billion—about $2.5 billion—more in subsidies while limiting its generation to 50 percent.

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Hull Daily MailHull Daily Mail

Drax power station subsidies slashed in new government contracts

The power station is one of the UK's biggest energy producers and has been burning biomass - mostly wood - instead of coal in recent years

·Hull, United Kingdom
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Financial TimesFinancial Times

Drax UK power station to receive more government subsidies

New deal will allow Yorkshire-based plant to continue operating beyond 2027 but reduces support

·London, United Kingdom
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Carbon PulseCarbon Pulse

UK halves subsidies for Drax biomass, puts BECCS support under review « Carbon Pulse

The UK has halved subsidies for Drax’s biomass power station from 2027, and is putting under review future government support for bioenergy with carbon capture and storage - the technology Drax is counting on to decarbonise its electricity generation.

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West & North Yorkshire Chamber of CommerceWest & North Yorkshire Chamber of Commerce

Government renews subsidies for Drax - West & North Yorkshire Chamber of Commerce

West & North Yorkshire Chamber of Commerce today welcomes the announcement from Government regarding renewed subsidies for Drax, a move which will provide a support mechanism for sustainable biomass generation beyond 2027. The support for Drax is part of a wider transition to sustainable alternatives and reducing our reliance on fossil fuels. If approved, the plan will keep Drax running until 2031 and is estimated to generate consumer savings of…

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Financial Times broke the news in London, United Kingdom on Monday, February 10, 2025.
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