IN BRIEF: Drax secures agreements for 434 megawatts of capacity

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Drax Group PLC - Selby, North Yorkshire-based electricity generator - Says it has provisionally secured agreements to provide 434 megawatts of capacity, principally from its pumped storage and hydro assets. Explains the deals are for the delivery period from October 2029 to September 2030, with a provisional clearing price of £27 per kilowatt per year, and income of around £11 million.

‘These are in addition to agreements for these existing assets which extend to September 2029,’ says Drax.

Current stock price: 870.50 pence, down 0.1% on Wednesday morning in London

12-month change: up 55%

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