UK Energy Giant Drax In Hot Water Over Alleged Misuse Of Profit Cap

The chair of a leading Westminster panel has vowed to investigate reports Drax has been switching off one of its biomass units to reduce pay-outs to customers last winter. Angus MacNeil, SNP MP and chair of the energy security and net zero committee told City A.M. the latest accusations were “concerning” and could be included in its upcoming review of customer protections. He said: “These are concerning reports which merit further investigation, I will bring these facts to my wider committee for further deliberation. Further,…