Capacity Market Agreements

Drax Group plc (“Drax” or the “Company”; Symbol:DRX)

RNS Number : 5553C
Drax Group PLC
23 February 2022

T-4 auction – provisional results for existing pumped storage and hydro assets

Drax confirms that it has provisionally secured agreements to provide a total of 621MW of capacity (de-rated 586MW) principally from its pumped storage and hydro assets(1). The agreements are for the delivery period October 2025 to September 2026, at a price of £30.59/kW(2), with income of around £18 million in that period. These are in addition to existing agreements which extend to September 2025.


Drax Investor Relations: Mark Strafford

+44 (0) 7730 763 949


Drax External Communications: Aidan Kerr

+44 (0) 7849 090 368



  • Cruachan Pumped Storage, the Galloway hydro scheme (Tongland, Kendoon and Glenlee) and three small legacy gas turbines at Drax Power Station (96MW, de-rated 92MW).
  • Capacity Market agreements stated in 2020/21 real-terms, with payments indexed to UK CPI.