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MPs question value of billions in subsidies granted to Drax power plant
Spending watchdog warns £6.5bn in funding may not offer value for public money amid ongoing sustainability concernsA government spending watchdog has questioned the value of the multi-billion pound subsidies granted to the Drax power plant in North Yorkshire – and said that plans to hand over billions more may not represent value for money.The government has provided about £22bn of public money to businesses and households that burn biomass pellets as fuel over the past three years, including £6.5bn for the owner of the Drax plant. Continue reading...
Spending watchdog warns £6.5bn in funding may not offer value for public money amid ongoing sustainability concerns
A government spending watchdog has questioned the value of the multi-billion pound subsidies granted to the Drax power plant in North Yorkshire – and said that plans to hand over billions more may not represent value for money.
The government has provided about £22bn of public money to businesses and households that burn biomass pellets as fuel over the past three years, including £6.5bn for the owner of the Drax plant. Continue reading...
