What is the main topic?

The UK has agreed to halve subsidies for Drax, a domestic power producer, over the 2027-2031 period to promote sustainability.

Why is the UK cutting subsidies for Drax?

The UK aims to save consumers money and ensure Drax uses more sustainable sources of woody biomass.

What impact will this have on Drax?

Drax will need to focus on more sustainable biomass sources while operating with reduced subsidies.

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Home > Headlines > UK cuts subsidies for biomass power producer Drax

Headlines

UK cuts subsidies for biomass power producer Drax

Published by Global Banking & Finance Review®

Posted on February 10, 2025

1 min read

Last updated: January 26, 2026

Drax biomass power plant in the UK, highlighting subsidy cuts - Global Banking & Finance Review — Image of the Drax power plant, representing the UK government's recent decision to cut subsidies for biomass energy production, aimed at promoting sustainability and reducing costs for consumers.

UK cuts subsidies for biomass power producer Drax

Quick Summary

UK Reduces Subsidies for Biomass Power Producer Drax

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