Drax Group B2B power suppliers set new record for businesses using 100% renewable power - Drax

Drax Group B2B power suppliers set new record for businesses using 100% renewable power

Opus Energy and Haven Power, Drax Group’s retail businesses, have collectively provided over 350,000 UK businesses with 100 per cent renewable electricity.

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Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
5th December 2018

Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola

On 16 October 2018, Drax Group plc (“Drax” or the “Company”) announced that it had entered into a binding conditional agreement to purchase Scottish Power's portfolio of pumped storage, hydro and gas-fired generation for £702 million in cash from Iberdrola (the “Acquisition”).

This is a new record number of UK business sites to receive certified 100% renewable power – making Opus Energy and Haven Power collectively the largest suppliers of renewable energy to UK businesses.

Jonathan Kini, CEO of Drax Group’s retail businesses, says power suppliers have a responsibility to encourage and support businesses to be more sustainable and enable the UK to achieve the clean growth needed to meet our climate targets.

A recent Haven Power survey found 59% per cent of businesses think renewable energy is key to a cleaner future, but 80% expect suppliers to take the lead in educating them about their renewable energy options.

Jonathan Kini said:

“Every business is different, but it seems most want to be more sustainable and play a part in reaching our climate targets – they just need us, the suppliers, to help them achieve these aspirations.

“By making renewable electricity the standard, businesses become instantly a lot more sustainable, which allows us to move the conversation with our customers on to talking about other steps they can take, such as reducing their energy consumption, generating their own renewable power or even using batteries.

“Opus Energy has more than 2,200 SMEs which are already generating their own renewable power – so the appetite for more sustainability is definitely there.

“Green GB Week and the tenth anniversary of the Climate Change Act is an ideal time for businesses to celebrate how far we have come in the last decade, and also to look ahead to what we still need to do to achieve our ambitions.”

-ENDS-

Media contact

Filipe Lima at FOCUS
020 3117 1800
Filipe@focuspr.co.uk

Editor’s Notes

About Drax

Drax Group plc plays a vital role in helping change the way energy is generated, supplied and used. Its 2,300-strong staff operate across three principal areas of activity – electricity generation, electricity sales to business customers and compressed wood pellet production. For more information, visit www.drax.com

About our retail businesses

Haven Power is one of the largest business electricity suppliers in the UK and was awarded the title Supplier of the Year at the Energy Awards in 2014 and 2016. Haven Power offers 100% reliable, cost effective renewable energy and services that help customers use energy more efficiently, control their spend and manage risk. For more information, visit www.havenpower.com

Opus Energy is the UK’s sixth biggest business energy supplier, supplying electricity and gas to more than 340,000 business locations across the UK. Opus Energy is a multi-award winning business, with recent highlights including being named ‘Utilities Provider of the Year’ at the 2017 British Small Business Awards and a finalist at the 2017 Lloyds Bank National Business Awards. For more information, visit www.opusenergy.com