ESB profits surge by 30% during first half of the year

Minister for Finance says further energy supports to be announced in next month's Budget

The company's profit for the first six months of the year stood at €676m compared with the €847m profit recorded throughout the entire 2022. 

Operating profit at ESB Group has seen a 30% increase during the first six months of the year to €676m during a period of high energy prices for Irish customers.

According to the company’s interim results for January to June this year, operating profit increased by €157m compared to the same period in 2022. The largest electricity provider in the State, Electric Ireland, ESB's retail arm, has only recently announced a cut in prices for electricity and gas customers.