XM does not provide services to residents of the United States of America.

Britain's Drax says new gas plants' start delayed due to slow grid connection



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Britain's Drax says new gas plants' start delayed due to slow grid connection</title></head><body>

LONDON, Nov 11 (Reuters) -British power generator Drax said the start of three new gas-fired power to early next year because of delays in getting the projects connected to the power grid, it said on Monday.

The projects are expected to provide back-up power when not enough renewable electricity, from wind or solar projects available.

"Commissioning of Drax’s three (gas) developments is due to begin in early 2025 and they’re expected to be fully operational later in the year. This is later than originally planned, primarily due to delays in being provided with a grid connection by the relevant authorities," a Drax spokesperson said in an email.

It had been expected that the projects would begin operation by the end of 2024.

British energy regulator Ofgem last week proposed regulations to cut down a backlog in new projects seeking grid connection, which the system operator said would be vital for the country to meet its clean power goals.

The three plants are expected to have a combined capacity of around 1 gigawatts (GW) and are located in South Wales, and Suffolk and Bedfordshire in England and are expected to only run for short periods of time when needed.



Reporting by Susanna Twidale, Editing by Louise Heavens

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.