Drax And Infinis Energy Announce Initiation Of Proceedings For Judicial Review

(RTTNews) - Drax Group plc (DRX.L) and Infinis Energy plc (INFI.L) announced that they have initiated proceedings for a judicial review of the notice period given by HM Treasury when removing the exemption from the Climate Change Levy or CCL for electricity generated from renewable sources. The basis of this review is that the exemption was removed without the application of an appropriate notice period, as the notice given was only 24 days.

The companies noted that they asked the court to consider a reasonable and proportionate notice period for withdrawal of such renewable support.