Drax follows Centrica in issuing profit warning

Power station operator blames warm weather for hitting energy demand and lowering electricity prices

Drax, the operator of Britain's biggest power station, has become the second energy company in as many days to issue a profit warning on the back of falling wholesale prices.

It blamed warm weather for hitting energy demand and lowering the price of electricity and said it had also been hurt financially by the falling value of its renewable energy subsidies.

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