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Drax 3rd conversion unit

Live
Biomass Conversion  · Investment Contract  · Yorkshire and Humber
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Drax 3rd conversion unit is a 645 MW biomass conversion project in Yorkshire and Humber that holds an Investment Contract, one of the early CfDs awarded before the competitive allocation rounds began. The contract is live, with LCCC settlement data published from December 2016.

Strike Price
—
per MWh
Capacity
645
MW
Delivery Year
—
Operational Start
20/07/2017
Location & Representation
Yorkshire and Humber
England
Site
Planning status
Operational
Operational 20/07/2017
Location
53.7354, -0.9883
↗ View on map
REPD ref 175
CfD Details
CfD ID
INV-DRX-001
Allocation Round
Investment Contract
Technology
Biomass Conversion
Status
Live
Developer
Drax Power
Generation & Payment History
Export history
Period Generation (MWh) CfD Payment Market Price — IMRP (£/MWh) Indexed Strike (£/MWh) Net to Generator (£/MWh)
2026-09 100,894 ↑ £7.2M received £75.30 £146.51 £146.51
2026-08 295,642 ↑ £21.1M received £75.30 £146.51 £146.51
2026-07 — ↑ £0.0M received — — —
Market Price is the generation-weighted Intermittent Market Reference Price (IMRP) published by LCCC, in current prices. CfD strike prices are quoted in 2012 prices but settled at a CPI-indexed value, so the Indexed Strike shown here is derived from the actual settlement: IMRP + (CfD Payment ÷ MWh). No stated strike price is held for this contract, so the Indexed Strike is derived from settlement data alone. Net to Generator is what the generator effectively receives per MWh after the CfD top-up or payback.
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