Drax buys back coal power hedges as CO2 costs mount, output drops

Published 12:32 on July 24, 2019  /  Last updated at 12:32 on July 24, 2019  /  EMEA, EU ETS  /  No Comments

British utility Drax opted to buy back some of its forward hedged coal power output over the first half of 2019 as higher emission costs ensured more of its generation would be unprofitable.

British utility Drax opted to buy back some of its forward hedged coal power output over the first half of 2019 as higher emission costs ensured more of its generation would be unprofitable.

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