ESB profits surge over 33% during 2023

The company's dividend to the State declined from €327m in 2022 to €220m last year. 

Profits at ESB increased by over 33% during 2023 to €868m due to increased earnings in its ESB Networks business as well as growing activity in Britain.

ESB said that its dividend to the State in 2023 was €220m down from €327m in 2022. In addition, €76m paid to the Irish State under the Government’s scheme to cap the revenue of certain electricity generators.