Drax Power Station set for £10m setback in profits due to biomass outage

Drax Group, the North Yorkshire-based energy business, is set for a £10m setback following an unplanned outage on the rail unloading facilities at its power station.

The outage has caused biomass deliveries to be restricted, and, in order to optimise available supplies, generation on the two Renewable Obligation Certificate (ROC) units has been reduced.

Drax said that these two units will then be taken offline for a short period.

The The Contract for Difference unit and coal operations remain unaffected.

The outage on the rail unloading facilities is currently expected to be completed during January 2018, at which point the ROC units should return to service.

Reflecting the outage and reduced generation on the ROC units, Drax currently expects a reduction in EBITDA of £10m in 2017.

Drax contributed almost £1.7bn towards UK GDP in 2016 and supported thousands of jobs across the country, including £419m in the Yorkshire and Humber region, according to new research.

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