Power Firm’s Use of Subsidy Loophole a Concern for UK Lawmakers
- Drax avoided sending as much as £639 million to UK consumers
- Parliamentary committee head calls for further examination
The Drax Power Station.
Photographer: Ian Forsyth/BloombergThis article is for subscribers only.
The chair of Parliament’s influential energy committee said he wants to investigate a report that Drax Group Plc benefited from a gap in the UK’s green-energy subsidy program that let the firm avoid providing millions in consumer discounts.
“These are concerning reports which merit further investigation,” said Angus MacNeil. “I will bring these facts to my wider committee for further deliberation.”