Drax reports strong performance in first quarter

Drax Group has reported strong system support and generation performance for the first three months of 2024.Drax anticipates its 2024 full-year adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to match analysts’ expectations, depending on ongoing operational performance.As of 22nd April, Drax secured over £2.9 billion in contracted forward power sales for the years 2024 to 2026, covering its ROC, pumped storage and hydro generation assets, totalling 23