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Published 11 months ago

Ofgem to investigate Drax compliance with biomass reporting rules

Summary by Ground News

Ofgem says action does not imply it has made any findings about possible non-compliance. News of the move sent the FTSE 250 firm's share pricing tumbling before it recovered throughout the day to 3.9% down on the opening price. The firm is in talks with the Government about �2bn plans to establish a carbon capture operation at Selby.

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Ofgem to investigate Drax compliance with biomass reporting rules

Regulator expected to examine whether sustainability reports on sourcing of wood pellets meet renewables subsidy criteria

11 months ago·London, United Kingdom

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business-live.co.uk

Energy watchdog Ofgem launches investigation into Drax's biomass reporting

Ofgem is looking at whether the North Yorkshire power company has breached reporting requirements

11 months ago·London, United Kingdom

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