Drax power plant to go on earning ‘over £1m a day’ from burning wood pellets

Analysts say Britain’s biggest power plant in line to earn £458.6m a year under new government subsidy contractBritain’s biggest power plant will continue to earn more than £1m a day from burning wood pellets under a new government subsidy contract designed to halve its financial support, according to analysts.The Drax power plant in North Yorkshire is in line to earn £458.6m a year between 2027 and 2031 after the government agreed to extend its subsidies beyond 2026, according to analysts at Ember, a climate thinktank. Continue reading...