The government has agreed a new funding arrangement with the controversial wood-burning Drax power station that it says will cut subsidies in half. The power station, a converted coal plant in ...

LONDON, Feb 10 (Reuters) - The UK government and Drax (DRX.L), opens new tab have agreed a deal that will halve the energy producer's subsidies over 2027-2031, while ensuring the group uses more ...

The UK has announced new subsidies for Drax, the country’s largest power station, despite a long-running battle over whether the wood pellets it burns for fuel are environmentally sustainable.

The Department for Energy Security and Net Zero (DESNZ) revealed consumers would save £170m per year under a new deal with Drax covering 2027-2031. That projection is based on the halving of the ...

New subsidies have been announced for wood-burning power plant Drax, which the Government said would halve costs for consumers and improve sustainability. Subsidies for the major power station in ...

Ed Miliband's department has admitted giant subsidies to controversial wood-fired power plant Drax have allowed it to make “unacceptably large profits” at the expense of billpayers.