Economics
Hard Brexit Is Increasing Worry for U.K.'s Biggest Power Plant
- Even a week’s disruption after Brexit would impact Drax
- Power prices will probably fall in the longer term, CEO says
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Drax Group Plc’s Chief Executive Officer Will Gardiner has joined scores of other company bosses in starting to make preparations for the U.K. leaving the European Union without a trade deal.
Drax runs the nation’s biggest power plant in Northern England and is dependent on a smooth running supply chain for biomass, which is used for fuel at four of its six generation units. Drax sourced 83 percent of its feedstock from North America, with the remainder coming from the Baltics, Brazil, Portugal and other countries within the European Union.