Drax is the subsidy show that goes on and on | Nils Pratley Government cranks handle again for group owning Yorkshire power plant because cheaper generating capacity not in place.
He railed against the “unacceptably large profits” Drax has made, said past subsidy arrangements “did not deliver a good enough deal for bill payers” and vowed that that the definition of a “sustainable” wood pellet would be tightened.
Under the new rules, the portion of “woody biomass” that must come from sustainable sources will rise from 70% to 100%, which leaves one to wonder why it wasn’t 100% in the first place if we are expected to view wood-burning as “sustainable” generation because replacement trees absorb carbon.
While Drax’s plant will have a “much more limited role” from 2027, the new financial arrangements must still look splendid from the company’s point of view.
“The clear evidence is that Drax is important to delivering a secure, value for money power system in the period 2027 to 2031,” he concluded.
