Drax has sold on Drax Generation Enterprise to VPI Holdings, passing on its four CCGT plants in the process.
Ofgem’s decision to classify energy storage as a subset of generation must be a “stopgap measure” until parliamentary time is found.
Renewables have continued their record-breaking spell as generation remained high in Q2 2020.
Drax posts stable results for H1 2020 as its adjusted EBITDA jumps 30% despite an estimated £44 million COVID-19 hit.
The government has delayed its decision on whether two offshore wind projects can proceed, pushing the deadline to 1 July.
Drax is transitioning its executive management structure for its generation business.
As the COVID-19 lockdown changes demand patterns, the grid's flexibility is put to the test.
Drax announces it is to eliminate coal from its generation from next year, as it unveils financial results for 2019.
The government is planning to bring the phase-out date for coal generation in the UK forward to 2024.