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FCA closes investigation into Drax over biomass sourcing

Regulator launched inquiry amid concerns that firm made misleading statements about origins of wood pellets

The City watchdog has closed an investigation into the power generator Drax, after an almost 10-month review into the sourcing of wood pellets for its biomass power station.

The Financial Conduct Authority said it had “reviewed thousands of pages” but that it “did not find evidence that justified any further action”.

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Jun 18, 2026 Drax Energy industry Financial Conduct Authority
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FCA closes investigation into Drax over biomass sourcing Drax Jun 18, 2026 FCA closes investigation into Drax over biomass sourcing Regulator launched inquiry amid concerns that firm made misleading statements about origins of wood pelletsBusiness live – latest updatesThe City watchdog has closed an investigation into the power generator Drax, aft...
FCA closes investigation into Drax over biomass sourcing

Regulator launched inquiry amid concerns that firm made misleading statements about origins of wood pelletsBusiness live – latest updatesThe City watchdog has closed an investigation into the power generator Drax, aft...

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