Drax Group finally gets European Commission approval for key subsidy contract – How it impacts you!
The European Commission approved a *“Contract for Difference” (CFD) for the DRAX Power Station on the 19th of December 2016. This approved European Commission charge will be charged and passed through to every customer in the UK who has an electricity supply.
Suppliers are notifying clients direct by letter and should you receive a letter regarding this increase please contact your ecagroup account manager who can explain more about how this charge will impact your electricity contract.
For further information regarding non-commodities please click on the link for our bulletin section
Should you wish to discuss your own situation with one of our experts please call us on 01246 290490
*What is Contract for Difference (CFD) – This refers to the contractual arrangements suppliers have with the generators to purchase specific amounts of electricity. A mechanism to ensure stability and predictability of future revenue streams for electricity generators.