Drax, North Yorkshire 36,000 tonnes of coal a day and produces 1.5 million tonnes of ash a year. It is both the United Kingdom's largest producer of carbon emissions, and one of the UK's most carbon dioxide-efficient power stations. Drax Power Station now produces half its output by burning biomass. This is controversial as the wood pellets it burns are claimed to produce more carbon dioxide than coal. Drax, North Yorkshire Drax is a village and civil parish in the Selby district of North Yorkshire, England, about south-east of Selby, best known today as the site of Drax power station. The village had
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