Weather
Drax allowance hit £893m last year – Raised by that?
Go to the content section
By Paul Homewood
Drax just published their latest Annual Account:
Subsidies for their biomass operations reached £893 million last year. All of these are added to our electricity bill:
EBITDA for the year was £398 million, so Drax would have gone bankrupt without their allowance.
Related