B

Baroness Boycott (CB)

Speaking in the House of Lords on 11 November 2024

Debate

Drax Power Limited: Ofgem Investigation

Contribution

My Lords, I thank the Minister for that Answer. KPMG was commissioned by Drax to look into the results; this was done in secret at its behest, and it was reported in this week’s issue of Private Eye. It corroborated that Drax had provide inaccurate data to Ofgem and that there was evidence of “material financial misstatement … fraud or misconduct”. Therefore, we cannot trust Drax to be honest or to behave honourably. Will the Minister use his good offices to put an end to the enormous subsidy that we pay to Drax on an annual basis, which, according to one of the latest adverts put out by an environment group, is costing every individual in this country £100 a day?

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