Companies
Pinergy reports pre-tax loss of more than €13 million for 2022
Energy price spike resulted in significant losses for the energy provider
Pinergy, the Irish energy provider, racked up a loss of more than €13 million last year after wholesale energy prices surged far beyond what it was able to pass on to consumers.
The company, which is majority owned by Peter Coates, owner of online bookmaker Bet365, said extreme volatility in the energy market and wholesale price inflation was a persistent theme in 2022, which had negatively impacted on its performance and resulted in the heavy ...
