Drax, which converts coal and biomass to energy, said it has delivered a good operating performance so far in 2012 and its expectations for the full year remain unchanged.
The group said it has taken advantage of improvements in dark green spreads - the difference between the wholesale price at which power is sold and the coal and carbon dioxide costs faced in generating that power - to strengthen its contracted energy provision agreements, including additional power sales of 3.3 terawatt hours (TWh) and 4.9TWh for 2012 and 2013, respectively.
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