Drax Power15/Sep/2010 - Jon Yeomans
Drax Power, part of the FTSE 250 Drax group, own and operate the Drax Power Station, located in North Yorkshire. At 4,000MW output, the Drax plant is largest power station in the UK, and is capable of supplying 7% of country’s electricity needs. Traditionally a coal-fired station, Drax have moved towards biomass co-firing in recent years. In fact, through burning sustainable biomass the plant is the UK’s largest single producer of renewable power. Forecasts are that by 2020 the station could be supplying renewable power to over two million homes depending on the UK policy framework.
Drax therefore selected Contigo’s enTrader Logistics for Fuel Portfolio management, handling the entire fuel purchasing lifecycle from planning and ordering, through vessel and delivery management, and fuel consumption and settlement invoicing. Within the development of biomass as an energy source, management of the ‘field to furnace’ process is vital to ensure the method maintains a closed carbon cycle, this is a key benefit feature of the enTrader solution. The added capability of complex contract management, formula-based pricing, and the need to interface to a variety of 3rd party systems, enTrader provided an excellent 'fit' with the requirements.