Exclusive: Jacob Rees-Mogg and Chris Grayling express concern at system under which Drax made £617m in 2022
The UK government should rethink its subsidies for burning wood for fuel, former Conservative ministers and the net zero tsar have said.
The energy company Drax, which burns forest biomass, made £893m in direct government subsidies in 2021. The level of support fell to £617m in 2022 as electricity prices exceeded an agreed “strike price” agreed to encourage renewable investment.
