Centrica Secures Coal Priced Electricity Contract with Drax

Centrica plc today announced it has secured a major five year coal priced electricity supply contract with Drax Power Limited, owner of Drax power station in North Yorkshire. The agreement, which will provide Centrica with access to 600MW of power, brings increased fuel diversity to Centrica's electricity supply mix, enabling it to further stabilise the cost of sourcing electricity to supply its British Gas customers.

The agreement, which will start in October 2007, will be capable of meeting around 8 per cent of Centrica's forecast peak residential electricity demand. Drax will supply baseload power to Centrica under a contract linked to international coal prices, which will include seasonal fixed clean dark spreads. The agreement will run to the end of the EU Emissions Trading Scheme phase 2 in December 2012.

Find out more about  Centrica plc

Search for more Centrica News

Posted 11/04/06

Back