Drax Subsidy Reduction Agreement
Sector: Power Generation (CCGT) • Location: Selby, England, United Kingdom
Source: Sky News
The UK government has reached a new agreement with Drax, a biomass electricity provider, which will cut subsidies and reduce the company's role in the power system. This deal is expected to save consumers £170 million per year from 2027 to 2031, while also increasing the sustainability of the wood used for energy generation to 100%.
- Status
- Prospective
- Sector
- Power Generation (CCGT), Biomass, Government
- Location
- Selby, England, United Kingdom
- Updated
- 22 Jul 2026
- Source
- Sky News
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Project Information
Participants
| Not available for this record. |
Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The UK government has reached a new agreement with Drax, a biomass electricity provider, which will cut subsidies and reduce the company's role in the power system. This deal is expected to save consumers £170 million per year from 2027 to 2031, while also increasing the sustainability of the wood used for energy generation to 100%. |
Original sector | Energy |
Location
Country | United Kingdom (UK) |
State | England |
City | Selby |
Source
Source | Sky News |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Biomass, Government |
Article published date | 2025-02-28 |
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