Chief Executive comments on capital markets event and trading update

Dorothy Thompson writes on the day Drax Group plc outlines a plan for 2025 EBITDA in excess of £425m and a new dividend policy

Britain’s energy market is changing. Drax has embraced these changes with a strategy which will help change the way energy is generated, supplied and used for a better future.

Through our operations in retail, generation and biomass supply we expect to deliver a significant increase in high quality, visible, contracted earnings for the Group.

With the optimisation of our existing asset portfolio combined with acquisitions across our markets the strategy is already delivering, allowing the Group to create long-term opportunities in all areas of the business.

We are confident in the strategy and our ability to deliver high quality earnings, growth and value for shareholders, supported by a strong financial model and clear capital allocation policy, including a sustainable dividend that we expect to grow from a level of £50m in 2017.

Further information:

Capital markets day and trading update

Image: Artist’s impression of a Drax rapid-response gas power station with planning permission