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UK's Ofgem probes Drax Power over profiling reporting requirements

Published 31/05/2023, 08:31
Updated 31/05/2023, 08:35
© Reuters.

(Reuters) - Britain's energy regulator Ofgem on Wednesday said it was investigating whether power company Drax (LON:DRX) was in breach of annual profiling reporting requirements related to the Renewables Obligations scheme.

"Last year Drax appointed a third party to independently verify the accuracy of its biomass sustainability and profiling data as part of an ongoing process," the British company said in a separate statement.

"Drax is confident in the compliance of its biomass with the Renewables Obligation criteria."

 

 

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