Overcast

Overcast

max temp: 18°C

min temp: 13°C

Search

Drax hails record annual sales for Ipswich-based Haven Power

PUBLISHED: 17:33 23 February 2016 | UPDATED: 10:02 25 February 2016

The Ipswich headquarters of Haven Power.

The Ipswich headquarters of Haven Power.

Archant

Energy group Drax today hailed record sales at its Ipswich-based retail arm Haven Power, a specialist supplier of electricity to busineses.

Drax, which also has coal and biomass generation businesses, reported underlying earnings of £46million for 2015, down from £96m in the previous 12 months.

It said earnings were in line with expectations, despite “severe market deterioration and difficult regulatory challenges”, but warned of a “challenging” outlook for 2016 amid a continuing fall in prices and the loss of climate change levy exemption certificates for renewables.

However, Haven Power achieved record sales of 13.8TWh (terrawat hours) of electricity, compared with 11.8TWh the previous year.

“Our customer proposition remains compelling as does our ability to deliver a service that consistently exceeds expectations,” it said. “This means that we have one of the best renewal rates in the industry.

“Over the period we were delighted to welcome Thames Water as a new customer (further demonstrating our strength in the utilities market), as well as many others.”

Although the removal of the climate change levy exemption had had “a signifcant negative impact” on the business, Haven had become the first in the market to respond with a new product, Biomass Renewable Electricity, it added.

Dorothy Thompson, chief executive at Drax, said: “In a challenging year we have delivered another strong operational performance and realised our vision to become a predominantly biomass fuelled generator.”

She added: “The fastest, most affor-dable and safest way to reduce carbon emissions is to further deploy the world leading biomass technology Drax has pioneered to upgrade more of the UK’s existing coal fired power stations to sustainable biomass.”

A jealous Suffolk man who fired a BB gun at a car after finding text messages from the vehicle’s owner on his partner’s phone has been jailed for ten months.

A former geography teacher from Essex says that schoolchildren should be taught more about what to do if a natural disaster occurs after getting caught up in the earthquake which hit Kos last week.

Proposals for an accommodation complex housing 2,400 power station construction workers in Suffolk have been criticised in an independent report – with energy bosses urged to rethink the plans.

An Ipswich computer repairer who downloaded child porn has walked free from court after a judge decided not to send him straight to prison.

Just weeks after the Ipswich Park and Ride service was relaunched with a new service run by First Eastern Counties, part of its site at Copdock Mill has been put up for sale.

A Suffolk footballer who lost both his legs in a horrific hit and run crash has fulfilled his ambition of walking down the aisle on his wedding day.

A driver killed in a crash which also left his seven-year-old daughter seriously hurt has been named by police as they continue their appeal for witnesses.

A woman in her 70s suffered injuries after an “unkempt” man is reported to have shouted and pushed her to the ground in a Suffolk high street.

Children and parents came face-to-face with all manner of creepy crawlies at the Wildlife Family Fun Day at Holywells Park in Ipswich today.

An accident involving a motorbike and car on the A14 near the Orwell Bridge was resolved with little disruption and no major injuries.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24