Ofgem has launched an investigation into Drax Power Limited’s compliance with reporting requirements related to the Renewables Obligation scheme.

The investigation focuses on potential breaches of annual profiling reporting obligations and other related matters.

Ofgem clarified that the initiation of this investigation does not imply any findings of non-compliance by Drax at this stage.

In a statement, Drax said: “Ofgem’s announcement states that the opening of an investigation does not imply any finding of non-compliance. It has separately confirmed that it has not established any non-compliance that would affect the issuance of Renewable Obligation Certificates (ROCs) to Drax and therefore the associated financial benefit.

“Like all energy generators, Drax receives regular requests from Ofgem and continues to cooperate fully throughout this process.

“Last year Drax appointed a third party to independently verify the accuracy of its biomass sustainability and profiling data as part of an ongoing process. Drax is confident in the compliance of its biomass with the Renewables Obligation criteria.”