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With Drax’s Contract for Difference (CfD) approved yesterday and the Capacity Market running this winter, business energy users can expect to see higher non-commodity charges on their bills in 2017. Key Account Manager, Mark Cox explains some of the costs that customers need to be ready for.News yesterday that the European Commission had approved the CfD for Drax to convert one of its coal-fired units to biomass was a timely reminder of the higher non-commodity charges forecast for 2017.It is ex...
20 12 2016
Blog - 20 December 2016
The European Commission has finally approved the CfD investment contract awarded to Drax by the UK Government for its third biomass unit conversion.The Commission had begun an investigation into government support for the project in January but has now concluded that it complies with EU state aid rules. “The project will further EU environmental and energy targets without unduly distorting competition in the Single Market,” it said.The unit at Drax’s North Yorkshire site will have 645MW of capac...
20 12 2016
News article - 20 December 2016