Call to cut UK subsidies as Drax power station profits nearly double

Critics say power generator would make loss without public support as firm boosts dividend after 84% rise in profits to 731m

Ministers are under pressure to cut subsidies to the operator of Britain's biggest power station after it reported an 84% increase in annual profits, helped by high electricity prices.

Drax, the power generator that owns the eponymous plant in North Yorkshire, posted underlying profits of 731m for 2022, up from 398m a year earlier.