Ungated Post | 07 Sep 2016
Economic impact of Drax in the UK
Drax Group is one of the UK’s largest energy companies. It has three principal activities: electricity generation, electricity sales to business customers, and processing compressed wood pellets for use in electricity production.
Drax Group creates economic value directly, through its production and supply of electricity. Its direct GDP contribution in 2015, broadly equivalent to the sum of its wages and gross profits, reached £284 million. Drax employed almost 1,300 people directly to produce this impact.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
True Cost of Compliance – 2023 Report
This 2023 report updates our 2020 research on the detection and prevention of financial crime, and it's cost to the UK financial services sector. We surveyed 300 senior compliance executives about their costs and compliance activities, and used these results to estimate the costs across the UK Financial Services sector.
Find Out More
Post
Global Construction Futures
A global forecast for the construction industry to 2037.
Find Out More
Post
Illicit Tobacco Consumption in Türkiye
This report examines the size of the illicit tobacco market in Türkiye as well as and the impact it has on government tax revenue. Commissioned by Philip Morris International, this report particularly highlights the rising prevalence of cut tobacco, whose consumption almost doubled between 2019 and 2021. Total tax loss due to illicit consumption of tobacco products reached TL 18,327mn in 2021, doubling from TL 9,744mn in 2019. Illicit cut tobacco accounted for 86.4-95.9% of annual tax loss during this period.
Find Out More