A loophole that cost consumers millions

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Aug. 2, 2023

Opened in 1974, Drax Power Station burned coal before converting to biomass in this century.  Photographer: Ian Forsyth/Bloomberg

Read the story When Britons' bills more than doubled during a historic cost-of-living crisis, one of the UK's biggest energy producers could have provided relief. Instead, it managed to avoid returning hundreds of millions of pounds to Britons, according to a Bloomberg News analysis of thousands of power market records. Read The Big Take.

Listen to the podcast To secure his speakership, US House Rep. Kevin McCarthy negotiated some concessions with members of the far-right Freedom Caucus – more congressional power in exchange for their votes. Now, he's feeling the squeeze of their influence. Bloomberg's Megan Scully and Billy House join guest host Craig Gordon for a play-by-play. Subscribe and listen on iHeart, Apple and Spotify.

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