By Paul Homewood

Drax have just published their latest Annual Accounts:

 https://www.drax.com/investors/announcements-events-reports/annual-reports-and-accounts/

Subsidies for their biomass operation reached £893 million last year. All of this is added to our electricity bills:

EBITDA for the year was £398 million, so Drax would effectively be bankrupt without their subsidies.

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March 19, 2022 at 05:48AM