The thinktank Carbon Tracker revealed how plans to build 17 gas power plants in the UK (including the now abandoned Drax one) would undermine climate targets and push up energy bills. Carbon Tracker said clean energy could offer the same level of grid services as gas, at lower cost.
Will Gardiner, the chief executive of Drax Group, said: “Our focus is on renewable power. Our carbon intensity is one of the lowest of all European power generators.
“We aim to be carbon negative by 2030 and are continuing to make progress. We are announcing today that we will not develop new gas-fired power at Drax.
“This builds on our decision to end commercial coal generation and the recent sale of our existing gas power stations.”