Story perspectives

Pressure Mounts on Miliband Over Drax Power Subsidies

2/19/2026

Summary

Story summary

Ed Miliband (UK MP) faces pressure from 14 MPs to suspend £2 million daily subsidies to the Drax power plant.
The Financial Conduct Authority investigates allegations that Drax misled about sourcing wood pellets from environmentally sensitive areas.
Drax supplies 5.3% of UK electricity, with tribunal documents revealing internal doubts about its public sustainability statements.
A government spokesperson indicated that future contracts would be reviewed based on the FCA's findings.

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Story summary

Ed Miliband (UK MP) faces pressure from 14 MPs to suspend £2 million daily subsidies to the Drax power plant.
The Financial Conduct Authority investigates allegations that Drax misled about sourcing wood pellets from environmentally sensitive areas.
Drax supplies 5.3% of UK electricity, with tribunal documents revealing internal doubts about its public sustainability statements.
A government spokesperson indicated that future contracts would be reviewed based on the FCA's findings.