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

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Environmentalists have raised concerns over news that wood-burning power station Drax will continue to receive subsidies but welcomed a reduction in payments. The Government has announced that from ...

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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 ...

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.

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 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 ...