Critics say power generator would make loss without public support as firm boosts dividend after 84% rise in profits to £731mMinisters are under pressure to cut subsidies to the operator of Britain’s biggest power station after it reported an 84% increase in annual profits, helped by high electricity prices.Drax, the power generator which owns the eponymous plant in North Yorkshire, posted underlying profits of £731m for 2022, up from £398m a year earlier. Continue reading…
Source link : https://www.theguardian.com/business/2023/feb/23/drax-power-station-profits-nearly-double-call-for-subsidies-cut
Author : Alex Lawson Energy correspondent
Publish date : 2023-02-23 11:06:41
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Call to cut UK subsidies as Drax power station profits nearly double
