Bord Gáis profits tumble 34% in wake of Whitegate closure

Irish energy supplier also shed 4,000 customers, reflecting the competitive pricing environment

The 34% drop in profits suffered by Bord Gáis Energy were revealed in the half-year financial results of its British parent company, Centrica.  

Bord Gáis Energy suffered a 34% drop in profits in the first half of the year, largely due to the temporary closure of its Whitegate power plant in Co Cork, which is now not expected to reopen until November.

The half-year financial results of its British parent Centrica showed Bord Gáis Energy generated an adjusted operating profit of £19m (€22m) for the first six months of this year, down from a £29m profit recorded in the first half of 2020.