Drax And Pexapark Form Strategic Partnership To Bring Clarity To The UK Renewable Power Purchase Agreement Market

Drax and Pexapark, a leading price intelligence platform for clean energy, have entered into a strategic partnership aimed at improving price transparency in the UK Power Purchase Agreement (PPA) market. Drax, one of the UK’s leading suppliers of renewable electricity and energy services for businesses, has an established presence in the corporate PPA sector, serving buyers across diverse industries with deal volumes typically ranging from 150 GWh to 200 GWh.

However, despite growing corporate demand for long-term renewable energy agreements, the UK PPA market remains fragmented and often opaque. Limited data sharing, inconsistent pricing expectations, and a lack of consensus between buyers and sellers make it difficult for corporates to make informed procurement decisions.

This challenge has become more pronounced in the UK, where a widening gap has emerged between developer price expectations—shaped by elevated Contract for Difference (CfD) clearing prices—and the fair market value of PPAs. The energy market’s ongoing volatility, influenced by geopolitical developments and evolving regulations, has further prompted companies to seek more predictable, long-term procurement strategies.

To help address these issues, Drax has partnered with Pexapark to bring greater clarity and data-driven insights to the market. Through this collaboration, Drax will distribute Pexapark’s GB Quarterly Market Reports to selected customers interested in PPAs. These reports, built on Pexapark’s market-validated price data, will offer updates on current pricing trends, regulatory changes, and market sentiment. They will also analyze key topics shaping the market—such as the rise of battery storage and the effects of capture factors on asset value.

Commenting on the partnership, Luca Pedretti, Chief Operating Officer and Co-Founder of Pexapark, said, “This partnership reflects a shared ambition to bring more clarity and trust to the UK PPA landscape. By combining Drax’s leadership in energy supply and services with Pexapark’s price intelligence tools, we are enabling smarter, faster, and fairer decision-making for renewable energy market participants.”

As part of the collaboration, Drax will contribute its expertise and insights on UK energy market trends, while maintaining strict confidentiality and data privacy commitments with its customers. This collaboration will enhance Pexapark’s market assessment capabilities and complement its extensive data network, which gathers over 1,000 data points monthly from across the European renewable energy sector.

Paul Miller, Sales Director at Drax, added, “Our customers are making long-term commitments to renewables and, to do so with greater confidence, they need better visibility into pricing trends and deal structures. Through our partnership with Pexapark, we’re offering them access to consistent, independent, and insightful market updates that will support more informed energy procurement decisions.”

Together, Drax and Pexapark aim to strengthen transparency, trust, and data-driven decision-making in the UK PPA market—helping businesses accelerate their transition to renewable energy with greater confidence and clarity.