Happy Rabbit
17 Jan 2018
Fourth unit conversion It looks as though the conversion from co-firing to full bio burning will now go ahead in mid 2018, although it seems that this unit will not be able to operate continuously.Seems to have triggered a 4% jump in the share price, however.Regards,
MNKGV
06 Jan 2018
Re: BEIS - Coal Consultation the future After the last fiasco with 'the government', I would hope Drax management rememberwhat happened ( share price 800 to 240p ). Completely, utterly, untrustworthy to deal with.
axel27
05 Jan 2018
BEIS - Coal Consultation the future [link] relevant to DRAX if anyone has time to read.Conclusion was:The government is considering the appropriate legislative vehicle for introducing the emissions intensity limit from 1 October 2025 and other measures required to implement it. As the introduction of the emissions intensity limit will prevent unabated coal units entering into the Capacity Market auctions held in late 2021/early 2022 for the 2025/26 delivery year, and subsequent auctions for delivery years beyond that, the government will prepare the required legislation in good time before these 2021/22 auctions. A final Impact Assessment will be published at that timeShould be no surprises for DRAX management.A, off to buy another propane tank for next week, brrrr
MNKGV
15 Dec 2017
Re: Au revior Drove past Drax yesterday, running flat-out. Coal providing nearly 20% of UK demand.What other industry would run like this for such paltry rewards for itself and shareholders ?
Happy Rabbit
14 Dec 2017
Au revior I hope to buy back into these in the future, but it is au revior for now. Sold out a week or so ago and saw the price climb, but is now back to its 2009 level. I'm afraid it is the fear of Corbyn and the continued bashing by the liberal leftie loons who can't grasp sustainable forestry or the carbon cycle.Great little company, and I hope it does well, but the first rule of investing is still true; don't lose money!Regards,
Punilux
12 Dec 2017
Baumgarten Gas fired electricity generators don't look so good following today's explosion.Time for a top-up at these prices (....which means the price will start to drop again!)
MNKGV
21 Sep 2017
Re: Dorothy departing She was no match for the way the government kept changing the rules and had the judges in their pocket.
Happy Rabbit
21 Sep 2017
Dorothy departing I shall be sad to see Dorothy retire at the end of the year. The girl done good!Still not seen an announcement from Drax on the new strategy. Regards,
MNKGV
15 Sep 2017
Re: Strategy update Article in The Timesl yesterday.
MNKGV
15 Sep 2017
Re: Strategy update I just wish a fuse would blow now and then to make these politicians realise how much they need Drax.
Happy Rabbit
14 Sep 2017
Re: Strategy update Clip and paste from Power Engineering International:"UK power giant Drax has submitted planning permission for what would be the world’s largest battery storage facility, and an equally ambitious gas-fired power plant facility, as it continues its retreat from coal-fired power.The company wants has already converted three of its six coal-fired units in North Yorkshire to biomass, in its attempts to adapt to the UK’s phase out of coal by 2025.It said on Wednesday that it was considering building up to 200 MW of battery storage at the site, double the size of the current largest, the under-construction 100 MW Tesla facility in Australia. In addition, the company wants to convert two of its remaining three coal units to gas. It would create up to 3.6 GW of gas power capacity, making it comfortably the largest gas plant in Britain, ahead of the 2.2 GW gas plant in Pembrokeshire.Drax is now seeking a “development consent order” from the UK’s Planning Inspectorate, a process it believes could take up to two years. A decision to go ahead with the project would then rely on the company winning a 15-year subsidy contract with the government. If it did decide to proceed, it envisages both facilities could be up and running by 2023. "Three things stand out ...1. It takes two years to get a development consent order, when the site is already a power station and Drax wants to make it cleaner!2. "Converting" two of the (750Mw) units will (not!) produce 3.6Gw of power3. Very happy indeed that they are trial running the fourth unit on biofuel.4. Well, four things then ... Drax haven't put out any news item on their web site or made a stock exchange announcement, but probably don't need to. It would be nice to know!!!Regards,
Happy Rabbit
14 Sep 2017
Strategy update I'm seeing quite a lot in the press today about Drax's plans to convert a fourth unit to biomass and rip out the last two units and replace them with gas turbines plus build a massive battery storage system!Can't find anything from Drax about it, however. Does anyone have a link?
Happy Rabbit
24 Aug 2017
Re: Ethics broke-r, ethics, eh?I invest in big oil, tobacco, pharmaceuticals and short-term lenders, so am probably well qualified to answer!Short answer. If you think it is unethical and don't want to invest, then don't.However, most of the stuff you quote sounds like it comes from (anti)biofuelwatch, who quote "scientists" and "experts", without saying who and from which peer reviewed publication this information comes.I believe, having done as much research as I can, that Drax is a good thing and better than almost any other form of clean renewable in terms of reliability, quantity of energy produced and also from ethical sourcing of wood.Dust may have increased since conversion, because it is operating again rather than sitting idle. People may or may not be suffering, but if they are it is a lot less than when all six of Drax's units were firing unabated coal.Regards,
broke-r
23 Aug 2017
Ethics Anyone bothered about the ethics of what Drax is up to? £500m pa of Gov subsidy to convert to a fuel that has dubious green credentials? Some scientists argue that biomass is worse for the planet than coal. Recent report that dust emissions since biomass conversion have increased 135%Claims health of local people is suffering as a result?Does this impact on share price?I am not a holder but considering buying-in if I can justify it to my own conscience.
MNKGV
06 Jul 2017
Re: Thursday HR Thank you, I was very guilty of 'generalising' , a bad habit. I just wish we had the capability of designing and building our own big 'nukes' ,like in the 'old days'. The AGR's may have been a bit over cost and time but some of that was simple dimensionalerrors ( like boilers won't fit !). Drax was the model for the 'once-through' boilers of Hinkley B.
