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Government backs Drax with new energy deal set to cut costs - DirectorsTalk

Summary by DirectorsTalk
A new subsidy arrangement between the UK Government and North Yorkshire’s Drax Power Station has been approved, securing its role as a crucial back-up energy provider. The agreement promises substantial savings for consumers while reinforcing the UK’s commitment to sustainable energy production. Investors are taking note as this move strengthens Drax’s position in the evolving energy market. Drax Power Station, which generates electricity by bur…
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DirectorsTalk broke the news in on Friday, February 21, 2025.
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