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SOMETHING IN THE CITY ; DRAX DOWNER

I see Drax is suffering from the dark green spread. Blimey, sounds like something out of a 1950s sci-fi B movie.

Hmmm, let me explain: Drax is western Europe's largest coal- fired power station and not only Britain's single biggest electricity producer from its home in Yorkshire but also the UK's single largest emitter of carbon dioxide.

Which makes them bad lads, yes? So what's this dark green spread? It's what goes for humour in the electricity industry. The "spark spread" is the margin between what a power station pays for its fuel and the price at which it sells its electricity. For power stations like Drax it has traditionally been called the "dark spread" because its ...

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