Drax Group One significant change was the emergence of vertically integrated companies, combining generation, distribution and supply interests. In certain cases, it became necessary for generation assets to be divested, and so in 1999 Drax Power Station was acquired by the US-based AES Corporation for £1.87 billion (US$3 billion). A partial re-financing of Drax was completed in 2000, with £400 million of senior bonds being issued by AES Drax Holdings, and £267 million of subordinated debt issued by AES Drax Energy. Increased competition, over-capacity and new trading arrangements contributed to a significant drop in wholesale electricity prices, which hit an all-time low
Eggborough power station February 2016 it was announced that the plant would continue to operate for at least another twelve months through to March 2017. On 1 August it was announced that a further unit would be available to run commercially from mid September 2016. Units 1 & 2 will generate for National Grid under the Supplementary Balance Reserve contracts providing 775 MW Unit 4 returned to commercial operation on 16 September 2016 to generate 440 MW into the wholesale market following six months of deep maintenance. On 26 August 2016 Eggborough Power Limited (EPL) proposed to develop a new Eggborough Gas-Fired Power