Drax to Pay £25 Million to Ofgem
Drax to Pay £25 Million to Ofgem
Drax to Pay £25 Million to Ofgem
News summary

Drax Power Limited has agreed to pay £25 million to Ofgem's Energy Industry Voluntary Redress Fund following an investigation that found the company lacked adequate data governance and controls in its biomass reporting for the compliance period from April 2021 to March 2022. The investigation revealed that Drax misreported data regarding the forestry type and sawlog proportions of Canadian biomass but did not find evidence that it failed to meet sustainability requirements or improperly received Renewable Obligation Certificates (ROCs). In response to the findings, Drax will resubmit its profiling data and undergo an independent audit of its international supply chain data for the period from April 2023 to March 2024. Drax's chief executive acknowledged the importance of improving data reporting practices, emphasizing continued investments to enhance accuracy. Ofgem's chief executive stressed the need for rigorous compliance among companies receiving public subsidies, underscoring Drax's responsibility to provide accurate information. The audit's findings will be made public, ensuring transparency moving forward.

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Drax to Pay £25 Million for Misreporting Biomass Data
Drax agrees to pay £25m after Ofgem finds inaccurate sustainability data
Drax to pay £25m penalty for data-reporting breach after wood-burning probe
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Drax power firm pays £25m penalty over inaccurate data
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Last Updated
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Story Coverage
Drax to Pay £25 Million for Misreporting Biomass Data
Drax agrees to pay £25m after Ofgem finds inaccurate sustainability data
Drax to pay £25m penalty for data-reporting breach after wood-burning probe
alt
BBC News
Center
Drax power firm pays £25m penalty over inaccurate data

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