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Drax Group plc confirmed on 11 March 2026 that it has provisionally secured Capacity Market Agreements for a total of 434MW (de-rated 399MW) from its pumped storage and hydro assets. These agreements are for the delivery period October 2029 to September 2030 at a provisional clearing price of £27/kW/year. This represents an income of around £11 million for that period and is in addition to existing agreements extending to September 2029.
| Date | 11 Mar 2026 |
| Time | 07:00:07 |
| Category | Acquisitions and alliances |
| ID | 1282W |
11 March 2026
Drax Group plc
("Drax" or the "Company"; Symbol: DRX)
Capacity Market Agreements
T-4 auction - provisional results for existing assets
Drax confirms that it has provisionally secured agreements to provide a total of 434MW of capacity (de-rated 399MW) principally from its pumped storage and hydro assets(1). The agreements are for the delivery period October 2029 to September 2030, at a provisional clearing price of £27/kW/year(2), with income of around £11 million in that period. These are in addition to agreements for these existing assets which extend to September 2029.
Enquiries:
Drax Investor Relations:
Mark Strafford
mark.strafford@drax.com
+44 (0) 7730 763 949
Chris Simpson
Chris.Simpson@drax.com
+44 (0) 7923 257 815
Media:
Drax External Communications:
Chris Mostyn
chris.mostyn@drax.com
+44 (0) 7743 963 483
Andy Low
Andrew.Low@drax.com
+44 (0) 7841 068 415
Website: www.drax.com
Notes:
(1) Cruachan Pumped Storage (units 1 and 2), the Lanark and Galloway hydro schemes (Bonnington, Carsfad, Drumjohn, Earlstoun, Kendoon, Stonebyres, Tongland) and three small legacy gas turbines at Drax Power Station.
(2) Capacity Market T4 2029/30 auction real clearing price, with clearing price indexed to UK CPI prior to Delivery Year.
END