ESB reports 30% rise in profits

[Anderson]

ESB Group reports 30% rise in profits to €676 million in first six months of the year
The state-owned energy company said its profits from the start of the year to 30 June had increased by €157 million compared to the same period last year.

THE ESB GROUP has announced a 30% rise in its operating profits to €676 million during the first six months of this year.

The state-owned energy company said its profits from the start of the year to 30 June had increased by €157 million compared to the same period last year, during what it said was “a period of continued uncertainty and change for the energy industry”.

ESB said that the increase in profit relates primarily to its operations in Great Britain, where its Generation and Trading business and its energy supply business benefitted from a higher energy margin.

The energy margin is the value of its sales of energy minus the direct energy costs.

ESB said that revenue in ESB Networks – which builds, operates and maintains the electricity network in Ireland – also rose as a result of “regulated network tariff changes”.

It said it also benefitted from “foreign exchange movements”.

ESB Group reports 30% rise in profits to €676 million in first six months of the year

The state-owned energy company said its profits from the start of the year to 30 June had increased by €157 million compared to the same period last year.

www.thejournal.ie

 

[Professor]

Makes one feel proud to be Irish, to have well contributed to the prosperity and ready to do more!!

 

[valamhic]

They get the price of the highest fuel in the generating mix. If coal was 500 a MWh oil 100 and gas 90
they all get the market price including wind which nets them 500 per MW wholesale. People will not support politicians unless they do this.

For once a Fine Gael TD done something useful. Nice to see the semi state companies looking after their men.

Bord na Móna spent €64k on CEO's benefit in kind bill

Semi-state company Bord Na Móna footed the benefit-in-kind tax bill for its chief executive's €127,000 electric BMW and health insurance at a cost of €64,000 in 2022.

www.rte.ie

 

[valamhic]

Makes one feel proud to be Irish, to have well contributed to the prosperity and ready to do more!!

In this they propose to get private companies and individuals to install generators and supply to the grid. You
lads can have your say. https://www.gov.ie/en/consultation/63e1c-private-wires-consultation/

 

[Anderson]

Steep rise in number of Irish households falling into arrears on energy bills

There has been a steady rise in households falling into arrears on electricity payments since the Government’s

The number of electricity customers in arrears increased from 285,091 in May of this year to 298,075 in June.

Meanwhile the number of gas customers in arrears increased from 172,415 to 175,569.

There has also been an increase in accounts being disconnected due to non-payment.

In April of this year 15 domestic electricity accounts were disconnected due to non-payment, which rose to 132 in May, and again to 145 in June.

This figure decreased from 53 to 40 disconnections between May and June for non-domestic accounts.

The number of domestic gas accounts disconnected due to non-payment increased from 21 in April, to 197 in May, and again to 202 in July.

Steep rise in number of Irish households falling into arrears on energy bills

There has been a steady rise in households falling into arrears on electricity payments since the Government’s

www.thejournal.ie