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ESB announce price increases

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    #2
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    http://www.boards.ie/vbulletin/showthread.php?threadid=2056369430

    Seems to me right now if things stay the same on October 1st Bordgais for electricity and Flogas for gas (although they've yet to announce potential increases I expect them too) will be the cheapest


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    #3
    number_1
    Registered Users Posts: 141 ✭✭number_1


    cookie1977 wrote: »
    Seems to me right now if things stay the same on October 1st Bordgais for electricity and Flogas for gas (although they've yet to announce potential increases I expect them too) will be the cheapest
    Switching back to Bord Gáis from ESB on 01/October would save us around 75 cent a month on our electricity bills. Given the small savings, and the current uncertainty in the market, we might sit tight until our discount (14%) with ESB expires in March 2012. If we switched now and Bord Gáis subsequently raised their prices again, we'd just get a 6% discount if we returned to ESB at that point. Jumping ship now would effectively be a gamble on no further price increases over the Winter as I don't want to lose the 14% discount!


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    #4
    Psychedelic
    Registered Users Posts: 2,126 ✭✭✭Psychedelic


    Price rises even though they made a profit of €339 million last year.


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    #5
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Electrical

    dudara


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    #6
    Bullseye1
    Closed Accounts Posts: 5,731 ✭✭✭Bullseye1


    Psychedelic wrote: »
    Price rises even though they made a profit of €339 million last year.

    The government making a profit from it's own people.


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    #7
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    Psychedelic wrote: »
    Price rises even though they made a profit of €339 million last year.

    I think you need to learn some basic accounting. €339m was the operating profit i.e. before deducting the interest payments ESB had to make. They actually posted a pre-tax loss of 89.2m for 2010. Despite that, they paid a dividend of €77m to the Exchequer for 2010.


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    #8
    Psychedelic
    Registered Users Posts: 2,126 ✭✭✭Psychedelic


    Yeah you're right. Still though they made a €580m profit after tax in 2009, €273m in 2008, €432m in 2007... so they have been making huge profits for years. And it seems like they would've made a profit in 2010 only for an "exceptional pension item" that cost them €330m.


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