The Latest Breaking News from Drax

The FTSE 250 firm said trading was boosted by the performance of its flexible generation, pellet production and biomass operations.

Giant biomass plant reveals burning of wood pellets made 9% of UK’s electricity in July, its largest ever monthly share

Ministers should find out what the regulator says before signing away a further £1.8bn of public money

The FTSE 100 index closed down 38.68 points, 0.4%, at 9,216.82.

FCA inquiry into biomass power station relates to disclosures and transparency over two-year period

The probe comes after claims by Drax’s former head of public affairs that the company had misled over its sourcing of wood for biomass pellets.

EIGHT historic hydro power stations across the south west of Scotland could have hundreds of solar panels fitted to them ...

Letters: Alex Sobel MP writes paying Drax billions of pounds to burn forests is not a coherent climate strategy; Tom Blandford suggests Drax is a stepping stone to a low carbon future; Peg Putt deplores its emissions ‘reductions’ scheme; plus a letter from William Carmichael

The evidence against the Drax power station is damning, yet the government wants to continue its massive public funding, says campaigner Dale Vince