Energy Crisis
Electric Ireland says most of surging profits will be returned to the state
The firm is owned by the ESB, which recorded earnings of €390 million in the first half of the year as energy prices surged
Electric Ireland has said ESB profits this year cannot be used to bring down energy bills for customers.
Electric Ireland executive director Pat Fenlon also said most of the money will be returned to the state or be used for investment.
Electric Ireland is the retail arm of the ESB, which recorded surging profits amid a rise in wholesale prices, which has also triggered sharp increases for homes and businesses.
"We do understand that this ...
