Drax Group PLC

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Drax Group PLC

Drax Group PLC is an electrical power generation company based in the United Kingdom. The company has corporate offices in London and Yorkshire, with its subsidiaries operating in several locations around the world. These subsidiaries include Drax Power (near Selby, North Yorkshire); Drax Biomass Inc. (Monroe, Louisiana in the United States); Haven Power (Ipswich, Suffolk); and Opus Energy (located in Oxford, Northampton and Cardiff).

Drax Group PLC core business activities include Power Generation (producing 6% of the UK’s electricity and 15% of its total renewable electricity), B2B energy supply (supplying low-carbon energy solutions to industrial and business customers), and Pellet Production (producing wood pellets from sustainable low-value commercial forestry residues). The Group employs more than 2,500 people.

Drax Group PLC is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 250 Index, consisting of the 101st to 250th largest companies listed on the LSE.

Drax Group PLC Market Influences

Among others factors, Drax Group PLC’s share price is influenced by supply and demand, interest rates and exchange rates, internal developments within the company, as well as the economic outlook and changes in governmental and economic policy.

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Minimum spreads (pips):
Margin Requirements: 20%
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