Drax Group does own Opus Energy. Drax Group is a leading electricity generation company in the UK and is known for its large power station located in Selby, North Yorkshire. Drax Group owns and operates this power station, which primarily uses biomass, coal, and gas as fuel sources.
In recent years, Drax Group has expanded its operations and acquired several companies to diversify its energy portfolio. Opus Energy is one of these acquisitions. Opus Energy is an electricity supplier that focuses on providing energy solutions for small and medium-sized businesses in the UK. It offers competitive tariffs, renewable energy options, and personalized customer service.
The acquisition of Opus Energy by Drax Group was completed in 2017. This strategic move allowed Drax Group to expand its customer base and offer a wider range of energy services. By combining the expertise and resources of Opus Energy with Drax’s existing capabilities, the company aims to become a leader in the business energy market.
Opus Energy continues to operate as a separate entity within the Drax Group, alongside another electricity supplier called Haven Power, which was also acquired by Drax. Both Opus Energy and Haven Power are part of the Opus Energy Group, which is a subsidiary of Drax Group.
As part of the Drax Group, Opus Energy benefits from the financial stability and industry experience of its parent company. This allows Opus Energy to continue expanding its services, investing in renewable energy projects, and providing reliable energy solutions to its customers.
Drax Group owns Opus Energy, along with Haven Power, as part of its strategy to diversify its energy portfolio and expand its presence in the business energy market. This acquisition has strengthened Drax’s position as a leading energy company in the UK and has allowed Opus Energy to continue growing and providing innovative energy solutions to businesses.