Archives: Press Release

The findings were revealed in a new report looking at the economic impact of British energy company Drax Group.

Haven Power joined the Group in 2009 and has grown to become a leading supplier of electricity to British businesses, including Manchester Airport Group and Thames Water. It employs 450 people across its two offices at Ransomes Europark, near Ipswich and Franciscan House in the town centre

The report also found that in the East of England alone, Haven Power and Drax combined to generate £273 million in the local economy, up £50 million from 2016 and support 2,500 jobs.

Researchers at Oxford Economics used three measures to calculate Haven Power’s GDP contribution: the economic activity associated with the day-to-day running of the business; the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

Employment supported by Haven Power’s activities covered a wide range of sectors including IT, professional business services and transport.

Drax Group Retail CEO, Jonathan Kini, said:

“This report shows that in addition to being a leading supplier of energy to British businesses, Haven Power also plays an important role in the local and national economy. Through the people we employ and the businesses we use, we have supported thousands of jobs and generated nearly £700 million of economic activity in Ipswich and beyond.”

Paul Sheffield, Haven Power Chief Operations Officer, said:

“We’re a well-established business and have strong links here, having been founded in Ipswich in 2006. In addition to employing people from the local area, we use a number of businesses in the region to provide us with products and services that enable us to deliver the best possible experience for our customers.”

Sandy Martin, Member of Parliament for Ipswich, said:

“I’m proud that Haven Power, an energy supplier with an impressive nationwide operation is based here in Ipswich. Haven creates and maintains employment, contributes substantially to the local economy and plays an active role in engaging with the local community”

ENDS

Full details of the study can be found at draximpact.co.uk

Media contacts:

Ali Lewis
Drax Group Interim Head of Media & PR
E: [email protected]
T: 07712670888

Jessica Gorton
Drax Group Press Officer
E: [email protected]
T: 07712677177

Notes to editors:

• Drax’s acquisition of Scottish Power’s generation assets is expected to complete at the end of the year, subject to shareholder approval.
• Drax recently converted the fourth of its six generating units from coal to use sustainable biomass – around 70% of the power produced at the power station is now renewable.
• It has plans to repower its two remaining coal generating units to use gas, which are being considered by the planning inspectorate. If approved, Drax could stop using coal well ahead of the government’s 2025 deadline.

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.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies six percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com/uk

About Oxford Economics

Oxford Economics was founded in 1981 as a commercial venture with Oxford University’s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. It is now one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities. Its best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market trends and assess their economic, social and business impact.

About the study

Oxford Economics assessed the economic benefits of Drax Group using a standard means of analysis, called an economic impact assessment. This approach is applied in each of the three stages of the study.

The full report can be viewed here: https://www.draximpact.co.uk/public/Oxford_Economics-Economic_impact_of_Drax_in_the_UK_2017.pdf

In the space of a decade Opus Energy has grown from a challenger brand to the sixth largest supplier of gas and electricity to British businesses. It provides energy to over 300,000 customer meters, including national brands such as Lloyds Pharmacy and White Stuff. The company employs 150 people at its Summertown offices in Oxford, specialising in important roles such as risk management, trading, finance, sales, marketing and IT.

Opus Energy in Oxford

The report also found that in the South East of England alone, Opus Energy and Drax combined to generate £101 million in the local economy and support 1,200 jobs.

Researchers at Oxford Economics used three measures to calculate Opus Energy’s GDP contribution: the economic activity associated with the day-to-day running of the business, the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

Opus Energy’s activities support employment in a wide range of sectors including renewable energy generation, IT, professional business services and transport.

Drax Group Retail CEO, Jonathan Kini said:

“This report shows that in addition to being a leading supplier of energy to British businesses, Opus Energy, and the rest of Drax Group also play an important role in the local and national economy. Through the people we employ and the businesses we use, we have supported thousands of jobs and generated nearly £1.6 billion of economic activity across the UK.”

Opus Energy COO, Nikki Flanders said:

“We have a strong link with Oxford, having been based here for several years. In addition to employing people from the local area, we use a number of businesses in the region to provide us with products and services that enable us to deliver the best possible experience for our customers.”

ENDS

Full details of the study can be found at draximpact.co.uk.

Media contacts:

Ali Lewis
Drax Group Interim Head of Media & PR
E: [email protected]
T: 07712670888

Jessica Gorton
Drax Group Press Officer
E: [email protected]
T: 07712677177

Notes to editors:

• Drax’s acquisition of Scottish Power’s generation assets is expected to complete at the end of the year, subject to shareholder approval.
• Drax recently converted the fourth of its six generating units from coal to use sustainable biomass – around 70% of the power produced at the power station is now renewable.
• It has plans to repower its two remaining coal generating units to use gas, which are being considered by the planning inspectorate. If approved, Drax could stop using coal well ahead of the government’s 2025 deadline.

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.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies six percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com/uk 

About Oxford Economics

Oxford Economics was founded in 1981 as a commercial venture with Oxford University’s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. It is now one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities. Its best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market trends and assess their economic, social and business impact.

About the study

Oxford Economics assessed the economic benefits of Drax Group using a standard means of analysis, called an economic impact assessment. This approach is applied in each of the three stages of the study.

The full report can be viewed here: https://www.draximpact.co.uk/public/Oxford_Economics-Economic_impact_of_Drax_in_the_UK_2017.pdf

The energy company which specialises in supplying renewable power to businesses and is headquartered in Northampton, contributed £233 million towards GDP in the East Midlands regional economy in 2017 and supported 2,700 jobs – a huge increase from £147 million and 1,900 jobs in 2016.

The analysis from Oxford Economics found that the company which also has offices in Oxford and Cardiff contributed £365m towards UK GDP in 2017 and supported 4,200 jobs across the country.

The findings were revealed in a new report looking at the economic impact of British energy company Drax Group, which Opus Energy joined in 2017.

In the space of a decade Opus Energy has grown from a challenger brand to the sixth largest supplier of gas and electricity to British businesses. It provides energy to over 300,000 customer meters, including national brands such as Lloyd’s Pharmacy and White Stuff.

Opus Energy in Northampton

The company employs around 700 employees at its new headquarters in Northampton, Opus Energy House in The Lakes Business Park, which it moved to in early 2018.

Researchers used three measures to calculate Opus Energy’s GDP contribution: the economic activity associated with the day-to-day running of the business, the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

Opus Energy’s activities support employment in a wide range of sectors including renewable energy generation, IT, professional business services and transport.

Opus Energy COO, Nikki Flanders added:

“We have a strong link with Northampton, having been based here for several years and renewed our commitment to the area with our move to larger premises earlier this year. This has enabled us to bring all of our Northampton staff under one roof in state-of-the-art premises.

“In addition to employing people from the local area, we use a number of businesses in the region to provide us with products and services that enable us to deliver the best possible experience for our customers – and that investment is reflected in these outstanding figures.”

Drax Group Retail CEO, Jonathan Kini said:

“This report shows that in addition to being a leading supplier of energy to British businesses, Opus Energy, and the rest of Drax Group also play an important role in the local and national economy. Through the people we employ and the businesses we use, as a Group we have supported thousands of jobs and generated nearly £1.6 billion of economic activity across the UK.”

ENDS

Full details of the study can be found at draximpact.co.uk

Media contacts:

Ali Lewis
Drax Group Interim Head of Media & PR
E: [email protected]
T: 07712670888

Jessica Gorton
Drax Group Press Officer
E: [email protected]
T: 07712677177

Notes to editors:

• Drax’s acquisition of Scottish Power’s generation assets is expected to complete at the end of the year, subject to shareholder approval.
• Drax recently converted the fourth of its six generating units from coal to use sustainable biomass – around 70% of the power produced at the power station is now renewable.
• It has plans to repower its two remaining coal generating units to use gas, which are being considered by the planning inspectorate. If approved, Drax could stop using coal well ahead of the government’s 2025 deadline.

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.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies six percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com/uk 

About Oxford Economics

Oxford Economics was founded in 1981 as a commercial venture with Oxford University’s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. It is now one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities. Its best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market trends and assess their economic, social and business impact.

About the study

Oxford Economics assessed the economic benefits of Drax Group using a standard means of analysis, called an economic impact assessment. This approach is applied in each of the three stages of the study.

The full report can be viewed here: https://www.draximpact.co.uk/public/Oxford_Economics-Economic_impact_of_Drax_in_the_UK_2017.pdf

In the space of a decade Opus Energy has grown from a challenger brand to the sixth largest supplier of gas and electricity to British businesses. It provides energy to over 300,000 customer meters, including national brands such as Lloyds Pharmacy and White Stuff.

The company opened its Cardiff office in 2016 in the Capital Quarter in the centre of the city in 2016, with over 110 employees based on site.

The report also found that in Wales alone, Opus Energy and Drax combined to generated £51 million in the local economy and supported 750 jobs.

Researchers at Oxford Economics used three measures to calculate Opus Energy’s GDP contribution: the economic activity associated with the day-to-day running of the business, the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

Opus Energy’s activities support employment in a wide range of sectors including renewable energy generation, IT, professional business services and transport.

Drax Group Retail CEO, Jonathan Kini said:

“This report shows that in addition to being a leading supplier of energy to British businesses, Opus Energy, and the rest of Drax Group also play an important role in the local and national economy. Through the people we employ and the businesses we use, we have supported thousands of jobs and generated nearly £1.6 billion of economic activity across the UK.”

Opus Energy COO, Nikki Flanders added:

“Our Cardiff operations are a key part of Opus Energy’s strategy to deliver a level of service unmatched by our competitors. In addition to employing people from the local area, over time we expect our operations to make an increasingly significant contribution to the local economy.”

ENDS

Full details of the study can be found at draximpact.co.uk. 

Media contacts:

Ali Lewis
Drax Group Interim Head of Media & PR
E: [email protected]
T: 07712670888

Jessica Gorton
Drax Group Press Officer
E: [email protected]
T: 07712677177

Notes to editors:

• Drax’s acquisition of Scottish Power’s generation assets is expected to complete at the end of the year, subject to shareholder approval.
• Drax recently converted the fourth of its six generating units from coal to use sustainable biomass – around 70% of the power produced at the power station is now renewable.
• It has plans to repower its two remaining coal generating units to use gas, which are being considered by the planning inspectorate. If approved, Drax could stop using coal well ahead of the government’s 2025 deadline.

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.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies six percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com/uk 

About Oxford Economics

Oxford Economics was founded in 1981 as a commercial venture with Oxford University’s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. It is now one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities. Its best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market trends and assess their economic, social and business impact.

About the study

Oxford Economics assessed the economic benefits of Drax Group using a standard means of analysis, called an economic impact assessment. This approach is applied in each of the three stages of the study.

The full report can be viewed here: https://www.draximpact.co.uk/public/Oxford_Economics-Economic_impact_of_Drax_in_the_UK_2017.pdf

The findings were revealed in analysis from Oxford Economics looking at the economic impact of Drax’s UK operations, which includes Selby-based Drax Power Station.

The power station, which employs around 900 people, has converted four of its six generating units to use compressed wood pellets and generated 15% of the country’s renewable electricity in 2017 – enough for four million households. Since transforming the power station to use biomass instead of coal it has become the largest decarbonisation project in Europe.

Researchers at Oxford Economics used three measures to calculate Drax’s GDP contribution: the economic activity associated with the day-to-day running of the business; the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

In the past year, Drax Power Station’s activities have supported employment in a wide range of sectors including high-skilled manufacturing of industrial components, engineering and technical machinery, construction, IT, professional business services and transport.

Drax Power CEO, Andy Koss said:

Andy Koss

“This new report shows that as well as being of major significance nationally as the country’s biggest renewable power generator, Drax Power Station continues to play a crucial role in supporting the northern economy.

“Thanks to a sophisticated supply chain that spans both the east and west coasts of the country, Drax supported almost 6,000 jobs across the North of England last year and generated £600 million in economic activity. We work with hundreds of businesses across the Northern Powerhouse region to ensure millions of UK homes and businesses have the power they need each day.

“The North of England has a rich heritage in providing energy to the rest of the UK. Drax continues to play a vital role in providing the country with flexible, low carbon generation, to support the system as it continues to decarbonise. Our strategy for moving beyond coal, is enabling us to preserve the life of the power station, protect jobs and ensure we continue to make an important contribution to the region’s economy.”

The conversion of a fourth generating unit at Drax from coal to biomass helped the UK reach another green milestone this year as the power generating capacity available from renewables surpassed fossil fuels for the first time.

It is also about to start the first bioenergy carbon capture and storage pilot project of its kind in Europe, using technology developed by Lees University spin-out company C-Capture.  If successful, the technology could enable the power produced at Drax to become carbon negative, meaning it helps reduce the carbon dioxide accumulating in the atmosphere. Negative emissions are vital if we are to meet our climate targets.

Nigel Adams, MP for Selby and Ainsty said:

“Drax is a key economic asset both in Selby and nationwide. As the country’s single largest generator of renewable electricity, the business is a key part of the local community and supports employment and skills in the region. Drax has a rich history but has been keen to look to the future and further ways in which it can continue to innovate, enriching our community.”

Osman Ismail, Senior Economist at Oxford Economics, said:

“Drax Group makes an important economic contribution to Yorkshire and the Humber, and the UK more widely. Its activities generated almost £1.6 billion in GDP last year, and sustained thousands of jobs across the nation.”

ENDS

Full details of the study can be found at https://draximpact.co.uk

Media contacts:

Ali Lewis
Drax Group Interim Head of Media & PR
E: [email protected]
T: 07712670888

Jessica Gorton
Drax Group Press Officer
E: [email protected]
T: 07712677177

Notes to editors:

• Drax’s acquisition of Scottish Power’s generation assets is expected to complete at the end of the year, subject to shareholder approval.
• Drax recently converted the fourth of its six generating units from coal to use sustainable biomass – around 70% of the power produced at the power station is now renewable.
• It has plans to repower its two remaining coal generating units to use gas, which are being considered by the planning inspectorate. If approved, Drax could stop using coal well ahead of the government’s 2025 deadline.

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.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies six percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com/uk 

About Oxford Economics

Oxford Economics was founded in 1981 as a commercial venture with Oxford University’s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. It is now one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities. Its best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market trends and assess their economic, social and business impact.

About the study

Oxford Economics assessed the economic benefits of Drax Group using a standard means of analysis, called an economic impact assessment. This approach is applied in each of the three stages of the study.

The full report can be viewed here: https://www.draximpact.co.uk/public/Oxford_Economics-Economic_impact_of_Drax_in_the_UK_2017.pdf

The findings were revealed in analysis by Oxford Economics looking at the economic impact of Drax’s UK operations, which includes Selby-based Drax Power Station. The Power Station, which employs around 900 people and has converted four of its six generating units to use compressed wood pellets, generated 15% of the country’s renewable electricity in 2017 – enough for four million households.

Researchers at Oxford Economics used three measures to calculate Drax’s GDP contribution: the economic activity associated with the day-to-day running of the business; the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

In the past year, Drax Power Station’s activities have supported employment in a wide range of sectors including high-skilled manufacturing of industrial components, engineering and technical machinery, construction, IT, professional business services and transport.

Drax Power CEO, Andy Koss said:

Andy Koss

“This new report shows that as well as being of major significance nationally as the country’s biggest renewable power generator, Drax Power Station continues to play a crucial role in supporting the Yorkshire economy.

“Thanks to a sophisticated supply chain that spans both the east and west coasts of the country, Drax supported over 5,700 jobs across the North of England last year, including 3,200 in Yorkshire, and generated £600 million in economic activity. Drax works with hundreds of businesses across the Northern Powerhouse region to ensure millions of UK homes and businesses have the power they need each day.

“The North of England has a rich heritage in providing energy to the rest of the UK. Drax continues to play a vital role in providing the country with flexible, low carbon generation, to support the system as it continues to decarbonise. Our strategy for moving beyond coal is enabling us to preserve the life of the power station, protect jobs and ensure we continue to make an important contribution to the region’s economy.”

The conversion of a fourth generating unit at Drax from coal to biomass helped the UK reach another green milestone this year as the power generating capacity available from renewables surpassed fossil fuels for the first time.

It is also about to start the first bioenergy carbon capture and storage pilot project of its kind in Europe, using technology developed by Leeds University spin-out company C-Capture.  If successful, the technology could enable the power produced at Drax to become carbon negative, meaning it helps reduce the carbon dioxide accumulating in the atmosphere. Negative emissions are vital if we are to meet our future climate targets.

Nigel Adams, MP for Selby and Ainsty said,

“Drax is a key economic asset both in Selby and nationwide. As the country’s single largest generator of renewable electricity, the business is a key part of the local community and supports employment and skills in the region. Drax has a rich history but has been keen to look to the future and further ways in which it can continue to innovate, enriching our community.”

Osman Ismail, Senior Economist at Oxford Economics, said:

“Drax Group makes an important economic contribution to Yorkshire and the Humber, and the UK more widely. Its activities generated almost £1.6 billion in GDP last year, and sustained thousands of jobs across the nation.”

ENDS

Full details of the study can be found at draximpact.co.uk

Media contacts:

Ali Lewis
Drax Group Interim Head of Media & PR
E: [email protected]
T: 07712670888

Jessica Gorton
Drax Group Press Officer
E: [email protected]
T: 07712677177

Notes to editors:

• Drax’s acquisition of Scottish Power’s generation assets is expected to complete at the end of the year, subject to shareholder approval.
• Drax recently converted the fourth of its six generating units from coal to use sustainable biomass – around 70% of the power produced at the power station is now renewable.
• It has plans to repower its two remaining coal generating units to use gas, which are being considered by the planning inspectorate. If approved, Drax could stop using coal well ahead of the government’s 2025 deadline.

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.

The Group includes:

Drax Power Ltd, which operates the largest power station in the UK, based at Selby, North Yorkshire and supplies six percent of the country’s electricity needs. The energy firm converted from burning coal to become a predominantly biomass-fuelled electricity generator. Drax is the biggest single site renewable generator in the UK and the largest decarbonisation project in Europe.

Haven Power, based in Ipswich, supplies electricity to large Industrial and Commercial sector businesses.

Opus Energy, based in Oxford, Northampton and Cardiff, provides electricity and gas to small and medium sized (SME) businesses.

Drax Biomass, is based in the US and manufactures compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Drax Power Station in North Yorkshire to generate flexible, renewable power for the UK’s homes and businesses.

For more information visit www.drax.com/uk 

About Oxford Economics

Oxford Economics was founded in 1981 as a commercial venture with Oxford University’s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. It is now one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities. Its best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market trends and assess their economic, social and business impact.

About the study

Oxford Economics assessed the economic benefits of Drax Group using a standard means of analysis, called an economic impact assessment. This approach is applied in each of the three stages of the study.

The full report can be viewed here: https://www.draximpact.co.uk/public/Oxford_Economics-Economic_impact_of_Drax_in_the_UK_2017.pdf