New figures released to Aontú TD Paul Lawless show that the ESB reported after tax profits of €2.9 Billion between 2022 and 2025.
It comes as Electric Ireland is set to increase electricity prices by 8% tomorrow.
Speaking today, Deputy Lawless, said: “It is scandalous that a semi-state body like ESB is making such savage profits, while we have over 300,000 people in arrears on their electricity bills at the moment across the country. Tomorrow Electric Ireland – the retail arm of the ESB – is hiking electricity prices by 8%. We know that data centres are paying much less for electricity connection charges and per unit of electricity than regular households. This is wrong, and tomorrow Aontú has a motion before the Dáil which seeks to reduce ESB’s profits to zero, which would save every household €300 a year. ESB is a semi-state body – they should be making enough money to invest and cover its costs, but there is no reason why it should be making such savage profits”, concluded Lawless.
