Drax denies use of subsidy loophole to avoid £639m payout to households
by Jillian Ambrose Energy correspondent from on (#6DFWP)
Bloomberg alleges Drax idled an electricity generating unit and resold its biomass pellets rather than return money to bill payers
The owner of the Drax power plant has been forced to deny that it used a loophole in the government's subsidy scheme to avoid paying almost 650m to households since the start of the energy crisis.
An investigation by Bloomberg found that the FTSE 100 company idled one of the generating units at its giant North Yorkshire power plant for much of 2022 when the energy market crisis plunged millions of homes into fuel poverty.
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