The Aporia
The Aporia
Saker-Clark, H. (2026, September 17). Drax improves profit guidance after heatwave boosts demand. Evening Standard. https://www.standard.co.uk/business/business-news/drax-bluefield-press-association-b1297297.html
Saker-Clark, Henry. “Drax improves profit guidance after heatwave boosts demand.” Evening Standard, 17 Sept. 2026, https://www.standard.co.uk/business/business-news/drax-bluefield-press-association-b1297297.html.
Saker-Clark, Henry. “Drax improves profit guidance after heatwave boosts demand.” Evening Standard, September 17, 2026. https://www.standard.co.uk/business/business-news/drax-bluefield-press-association-b1297297.html.
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Drax group, a FTSE 250 company, improved its profit guidance in late August after reporting strong performance during July and August 2026. The company's CEO, Will Gardiner, attributed this success to increased power demand due to the summer heatwave, which required Drax to adjust its supply levels frequently to stabilize the energy system. The National Energy System Operator (Neso) issued four emergency calls for additional power over the summer period, mostly related to high temperatures. As a result of these conditions and performance, Drax now expects adjusted earnings to be at or near the upper end of forecasts. Additionally, in August 2026, Drax completed a £561 million acquisition of Bluefield as part of its strategy to expand its power generation portfolio. Gardiner emphasized that these efforts aim to enhance UK energy security and manage more megawatts while ensuring stable electricity supply for millions of households.
