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
Drax Group unloaded from truck or train, biomass pellets are stored in the two 40,000 tonne domes at the port. From there, they are loaded onto ships for transport to UK ports at Kingston upon Hull, Immingham, Port of Tyne and Liverpool. Haven Power is an electricity supplier and part of the Drax Group. The company supplies primarily to commercial and business customers. Opus Energy Limited supplies gas and electricity to businesses across the United Kingdom. Drax Group Drax Group plc is a British electrical power generation company. The Group is made up of upstream and downstream enterprises. The principal downstream enterprises