Investors in the Drax power station are to get a £326m windfall as customers recieve massive rises in fuel costs.
Drax chairman Gordon Horsfield also recieved over £4 million in a cheque on top of the £50m he has already made from the company.
What do the customers get? Energy bills that have doubled to more than £1000 a year. Again, yet another case of rich-richer, poor-royally shafted.
Drax's first-half pre-tax profits soar to £317 million, as compared with £13 million the previous year, profit margins increasing to more than 50 percent.
Drax charged £45.70 per megawatt/hour in the first half of this year, at a cost of £17 mw/hr to create the energy and a pollution penalty of £5.80 per mw/hr.
Yesterday the shares in Drax continued to fall by 21p to 852.5p
Drax chairman Gordon Horsfield also recieved over £4 million in a cheque on top of the £50m he has already made from the company.
What do the customers get? Energy bills that have doubled to more than £1000 a year. Again, yet another case of rich-richer, poor-royally shafted.
Drax's first-half pre-tax profits soar to £317 million, as compared with £13 million the previous year, profit margins increasing to more than 50 percent.
Drax charged £45.70 per megawatt/hour in the first half of this year, at a cost of £17 mw/hr to create the energy and a pollution penalty of £5.80 per mw/hr.
Yesterday the shares in Drax continued to fall by 21p to 852.5p
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