29 July 2020 - interim results

Drax Group, the fourth largest energy generator in the UK, has released interim results covering the six months ended 30 June 2020.  Adjusted EBITDA was £179m (2019: £138m), reflecting high levels of renewable electricity generation, system support services, the reinstatement of Capacity Market payments and a strong performance in Pellet Production.  This offset the impact of Covid-19 on the Customers business.  Full year Adjusted EBITDA is said to remain in line with market expectations.  There is good operational availability for the remainder of the year although the company estimates a potential full year impact . . .

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