ESB profits surge to €847m following price hikes

ESB, which is owned by the State, reported a €202m drop in operating profit to €207m.

Ireland’s leading electricity and gas provider ESB posted soaring profits of €847m last year amid the ongoing energy crisis.

In its annual results, profits for Ireland's largest electricity provider rose sharply by €168m last year following price hikes by its Electric Ireland business due to higher wholesale prices.