Soaring electricity prices could add £500m to value of energy firm Drax

Share value of North Yorkshire power plant’s owner climbs to highest price in almost seven years

Britain’s gas crisis could add half-a-billion pounds to the market value of the energy company Drax as the company prepares to sell its biomass electricity at record market prices.

The FTSE 250 owner of the Drax power plant in North Yorkshire has climbed to its highest share value in almost seven years, as wholesale prices have spiralled to all-time highs, claiming seven small energy suppliers in the past seven weeks.

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