Drax Group PLC

Regulatory Filings • Feb 22, 2023

National Storage Mechanism | Additional information

RNS Number : 6870Q

Drax Group PLC

22 February 2023

22 February 2023

Drax Group plc

("Drax" or the "Company"; Symbol: DRX)

Capacity Market Agreements

T-4 auction - provisional results for existing pumped storage and hydro assets

Drax confirms that it has provisionally secured agreements to provide a total of 621MW of capacity (de-rated 588MW) principally from its pumped storage and hydro assets(1). The agreements are for the delivery period October 2026 to September 2027, at a price of £63/kW(2), with income of around £37 million in that period. These are in addition to existing agreements which extend to September 2026.

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 7730 763 949

Media:

Drax External Communications: Aidan Kerr

+44 (0) 7849 090 368

Website: www.drax.com

Notes:

(1)   Cruachan Pumped Storage, the Galloway hydro scheme (Tongland, Kendoon and Glenlee) and three small legacy gas turbines at Drax Power Station (96MW, de-rated 91MW).

(2)   Capacity Market agreements stated in 2021/22 real-terms, with payments indexed to UK CPI.

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCTTMRTMTITMBJ