Third Party Costs, expert EV advice, and our work in the community: DES March Newsletter

Third Party Costs, expert EV advice, and our work in the community: DES March Newsletter

Welcome back to our monthly LinkedIn newsletter! This month we’ve released more Intelligence content, including our popular Third Party Costs guide. We’re exploring how organisations should approach installing EV charge points and sharing the Drax Foundation Annual report.

Remember to subscribe (at the top of this article) to never miss an update. ??


Our Spring Third Party Costs Guide

This week we’ve released the Spring edition of our Third Party Costs (TPCs) guide, exclusive for Drax Energy Solutions customers and partners. With expert analysis from Daniel Starman , Sales Energy Market Lead, the guide helps you:

  • Understand recent energy market cost drivers
  • Prepare for upcoming reforms
  • Plan your energy spending

If you’re not with us yet, there’s no need to miss out entirely since our TPCs summary guide delivers the highlights of our expert analysis. Download it here.


T-4 Capacity Market auction for 2027-28 sets new record

The expert analysis from Daniel Starman doesn’t stop there. This month he reflected on the results of the T-4 Capacity Market auction for 2027-28, which cleared at £65/kW, the highest clearing price for a T-4 auction on record.

Check out his latest Intelligence article where he explored what’s causing the clear trend of increasing costs to be recovered from energy bills ??


Public First energy report

Public First – an independent policy, research, opinion and strategy consultancy – recently published a report called ‘Mind the gap: Exploring Britain’s energy crunch’. Commissioned by Drax, the report reveals that the UK will hit an energy security ‘crunch point’ in 2028. Its key findings include:

  • By 2028, the UK’s demand for power is set to exceed secure dispatchable and baseload capacity by 7.5GW at peak times
  • ‘Crunch point’ is a result of delays in bringing new generation on to the system, increasing demand for power and upcoming retirement of existing assets
  • A shortfall would leave the UK more dependent on intermittent domestic and international generation
  • Mitigation includes extending the use of existing nuclear and dispatchable generation, including biomass, and supporting a reduction in peak demand

You can read more here.


How should organisations approach installing EV charging infrastructure?

Our recent research by Drax Electric Vehicles ? found that 91% of UK organisations viewed EV charging infrastructure as important for their business over the next 5 years.

If you’re considering electrifying, how should you approach this transition? We asked our in-house expert, Naomi Nye, for her insight:

For extra expert insight, and to see all of our findings, download our research report, Driving change: the state of electrification in the UK.


Drax Foundation Annual Report

This week we’re proud to share the Drax Foundation Annual Review report. The Drax Foundation provides grant funding for non-profit organisations and social enterprises that deliver lasting socio-economic impact at the heart of our communities. It’s part of our People Positive plan, which focuses on creating jobs, supporting communities, and keeping the lights on for homes and businesses..?

See our annual report here, and our 2023 highlights below.


Latest career opportunities

We’ve got lots of exciting opportunities at Drax Energy Solutions right now. Check them out below:

?? Visit our careers page to learn more.

Fantastic update! The inclusion of expert advice on EV charging infrastructure and the insights from the Capacity Market auction are incredibly timely. Looking forward to delving into these topics further. Subscribed! ??

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