- Partnership responds to growing buyer-seller misalignment and demand for independent pricing benchmarks in UK PPAs
- Pexapark’s Quarterly Market Reports offer exclusive insights into pricing trends, regulatory shifts, and emerging market dynamics
Zurich & London, 8 October 2025 – Drax and Pexapark, the price intelligence platform for clean energy, have agreed a strategic partnership which will support price transparency in the UK Power Purchase Agreement (PPA) market.
As one of the leading suppliers of renewable electricity and energy services to UK businesses, Drax is an established player in this market. It has corporate PPA buyers from across a broad spectrum of industries, with deal sizes ranging from 150 GWh to 200 GWh.
Like all corporates seeking a PPA, these Drax customers need clear, independent market insights to make informed procurement decisions. Yet today’s PPA market is often opaque – characterised by fragmented pricing expectations, limited data sharing, and a lack of consensus between buyers and sellers.
This lack of transparency is particularly acute in the UK at present. For example, the gap is widening between developer expectations (shaped by high Contract for Difference clearing prices) and the fair market value of PPAs. And at the same time, in a volatile energy market affected by geopolitical uncertainty and ongoing regulatory reforms, corporates are recalibrating their procurement strategies and seeking long-term certainty.
To address these challenges, Drax selected Pexapark as its trusted data and insights partner. Powered by Pexapark’s market-validated price data and leading insights, Drax will distribute Pexapark’s GB Quarterly Market Reports to a select number of its customers with an appetite for PPAs.
These updates will provide indicators of current pricing trends and regulatory developments, unpack market sentiment, and track buyer and seller expectations. They’ll also spotlight key developments – recent examples being the rise of battery storage and the impact of capture factors on asset value.
“This partnership reflects a shared ambition to bring more clarity and trust to the UK PPA landscape,” said Luca Pedretti, COO and Co-Founder at Pexapark. “Combining the energy supply and services leadership of Drax with Pexapark’s price intelligence tools enables smarter, faster, and fairer decision-making for renewable energy market participants.”
Drax will provide insight regarding UK market dynamics and trends while maintaining its confidentiality and data privacy agreements with customers. These inputs will strengthen Pexapark’s ability to assess the UK market environment, while complementing the 1,000+ data points it collects monthly across the European renewable energy market.
Paul Miller, Sales Director at Drax, added: “Our customers are making long-term commitments to renewables and, to do so with even more confidence, need visibility into pricing trends and deal structures. By partnering with Pexapark, we’re providing a key PPA audience with consistent, independent, and insightful market updates.”
About Pexapark
Pexapark is the price intelligence platform for clean energy. Covering solar, wind, and battery storage across more than 20 countries, Pexapark helps clean energy buyers, sellers, and investors navigate increasingly complex power markets with confidence. To do this, the company combines market-based insights and pricing solutions with expert-led transaction facilitation.
Unlike fundamental assumptions or infrequent RFPs, Pexapark is powered by real market data sourced on an ongoing basis from more than a hundred counterparties.
This enables Pexapark to provide a market consensus view on otherwise non-transparent contracts. As a result, both new entrants and experienced players trust Pexapark to connect the dots across every stage of clean energy commercialization – from pre-transaction analysis, to price negotiation, to post-transaction performance and exposure management.
Founded in 2017 by power traders, Pexapark has facilitated over 40,000 megawatts of transactions and currently serves more than 250 customers across Europe and the US.
For more information, contact hello@pexapark.com or visit www.pexapark.com
About Drax
The Drax purpose is to enable a zero carbon, lower cost energy future. To achieve this, our strategy is to be a global leader in both carbon removals and sustainable biomass pellet production, and to be a UK leader in dispatchable, renewable generation.
Drax owns and operates a portfolio of flexible, low-carbon and renewable UK power assets – biomass, hydro, and pumped storage generation. These assets provide dispatchable power and system support services to the electricity grid.
We’re the UK’s largest source of renewable power by output, and Drax Power Station is the UK’s largest single source of renewable electricity by output.
Through our pellet production facilities in North America, we are a leading integrated producer of sustainable biomass. Drax has 18 operational and development pellet production sites, with a nameplate capacity of around 5.4 million tonnes once expansions are complete.
For more information, visit drax.com
About Drax Energy Solutions
Part of Drax Group, Drax Energy Solutions supplies renewable electricity and energy-related services to UK industrial and commercial customers. Its services include electric vehicle strategy and management, energy optimisation, and corporate power purchase agreements.
As a licensed electricity supplier, we can readily facilitate your corporate PPA journey – including registration, balancing when consumption and supply aren’t in step, and settlement.
Whether it is baseload or pay-as-produced corporate PPAs, we ‘sleeve’ power into our customers’ existing contractual arrangements and structure flexible operational arrangements over the long- or short-term, depending on your appetite.
For more information, visit energy.drax.com