UK government cuts subsidies for Drax

Subsidies halved for controversial Drax power station
The government has agreed a new subsidy arrangement with the controversial wood-burning Drax power station in north Yorkshire.
Drax power station: subsidies halved in new agreement as Government hits out at 'unacceptably large profits'
New subsidies have been agreed for the controversial wood-burning power plant Drax, however the Government said it had halved the grants the firm would get after it previously made “unacceptably large profits”.
UK cuts subsidies for biomass power producer Drax
The UK government and Drax have agreed a deal that will halve the energy producer's subsidies over 2027-2031, while ensuring the group uses more sustainable sources of woody biomass, the two sides said on Monday.
New subsidies for Drax that ‘halve’ payments for burning wood for power
New subsidies for Drax that ‘halve’ payments for burning wood for power - New rules for the huge wood-pellet burning power station will also improve sustainability, Government says.
Subsidies for Drax to halve as UK government sees ‘more limited role’ for power station
DRAX power station’s state subsidies will be halved once the current arrangement expires in April 2027, the UK government announced on Monday.
Drax biomass plant: UK Government cuts subsidy funding, increases sustainable sourcing requirements
The UK Government will halve the level of subsidies paid to Drax for the operation of its biomass power plant in Selby, North Yorkshire, from 2027. The new subsidy agreement also requires Drax to enhance sustainability in its wood supply chain.
Drax UK power station to receive more government subsidies
Drax said on Monday it had agreed a contract for difference with the government for a minimum electricity price of £113 per megawatt hour between 2027 and 2031. The deal will mean that Drax, which supplies about 4 per cent of Britain’s electricity, is able to keep the plant running when its current subsidy arrangement expires.
Miliband hands £2bn in subsidies to wood-burning power station
Ed Miliband has agreed to hand an estimated £2bn of taxpayer subsidies to a controversial wood-burning power station operated by Drax...
Drax subsidies and energy production role cut by government
Both the government and wood-burning power provider are painting a new operational agreement as a success, with Drax pointing to benefits from not only lower bills but improved energy security.
Drax power station sees subsidies cut in new Government contracts
The Yorkshire power station is getting four more years of subsidy but at a reduced level after the Government raised a number of concerns about its operations
MARKET REPORT: Drax powers up after Miliband subsidies deal
The Energy Secretary struck a deal with the FTSE 250 firm to provide fresh subsidies for its wood-burning biomass site in North Yorkshire.
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Activists occupy consultancy firm over renewal of Drax subsidies
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Key power station didn't properly disclose burning forest wood
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