Interim Management Statement
Drax today publishes its interim management statement for the period from 1 January 2012 to date.
Trading Performance
Trading conditions in the commodity markets in which we operate have improved so far this year, except for domestic coal, where some of our suppliers are facing difficult challenges.
We have taken advantage of better dark green spreads to strengthen our contracted position, including additional power sales of 3.3TWh and 4.9TWh for 2012 and 2013 respectively compared to the position reported in our preliminary results announcement in February. We have also continued to deliver good operating performance.
These factors currently underpin our expectations for the full year, which remain unchanged.
