DRAX Power expects to outperform the market when it releases its full year results for the year ending 31 December, in February.
The company said in a pre-close statement to the stock exchange that earnings were slightly ahead of current market consensus, despite challenging commodity markets.
The business said it continued to benefit from a strong contracted position after reporting in an interim management statement in November that its strategy of fixing prices into 2012 had insulated it against tough market conditions.
“Good operational performance has continued to allow us to take advantage of Drax Power Station’s reliability and flexibility to maintain a high load factor and improve profitability,” it said.
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