ESB made €885 million last year - and they won't pay landowners compensation

timmyntc

https://www.boards.ie/discussion/comment/120446667#Comment_120446667

Rail lines involve compulsory purchase orders. This issue has no bearing on the existing CPO process or potential for new rail lines in this country.

PaddyCar

A 110kV power line was constructed through my families land around 10-12 years ago. At the time compensation was paid based on agricultural land value. I have since been granted planning for a dwelling almost directly under the overhead lines. The grant of planning makes no mention of the overhead lines. What is the requirements (seperation distances) for building in proximity to these lines? Would there be a case for increased compensation if the dwelling cant be constructed due to the overhead lines? We have no other land suitable to build a house.

Hotblack Desiato

Hang on a sec, you want to be compensated for a building which not only didn't exist when the line was put through but doesn't exist today either?!?!

No wonder people regard farmers as only out for everyone else's cash

Jim_Hodge

https://www.boards.ie/discussion/comment/121380772#Comment_121380772

Your planning office will give you the regs on building near overhead lines. As for further compo, you're having a laugh. Complete nonsense to even suggest it'

Donald Trump

https://www.boards.ie/discussion/comment/120422057#Comment_120422057

You just don't understand what he means by sterilised. It means that no development can ever take place on it, not that there are no germs left on the land

Sterilised in the planning permission sense.

Hotblack Desiato

Yeah but that poster was trying to imply that it was compulsorily turned into a wasteland, it's not.

loremolis

https://www.boards.ie/discussion/comment/121383313#Comment_121383313

You’re completely wrong on both counts. A planning authority has no information on clearances from any electricity lines and ESB operates two policies that provide for compensation to landowners for losses at any time after the line is built, even decades later.

It’s all well and good to talk profits but unless you also discuss the business spend & where it’s spent they’re sort of irrelevant numbers.

Like if they make €600 million with costs projected to be something ridiculous like €100 million okay yeah that’s serious money to be making

But when the reality is they’re spend is much higher and a lot of that being staff wages as well as maintaining the supply so we have electricity. The ESB response time to faults is also very good because the staff are well paid. If you ask me the money they make is well spent and not just pocketed by the execs.

machiavellianme

https://www.boards.ie/discussion/comment/121402690#Comment_121402690

I would assume that the profits are what's left after all the outgoings (including remuneration) is sorted. It's not an extra kitty to chuck more at their staff.

The one thing to note is that while they're fantastic at post fault restoration (and making a big visible deal about it), they've a rotten work culture within the organisation. Constant failure to turn up to site, failure to complete work, failure to communicate, etc.

loremolis

https://www.independent.ie/business/irish/esb-group-profits-rise-to-868m-in-2023/a1972533227.html

€883 million profit for the past year at a time when people are struggling with the cost of electricity which is the highest in Europe.

I understand the need to make some profit but this is price gouging. Why is this permitted?

Wanderer78

https://www.boards.ie/discussion/comment/121862452#Comment_121862452

...theyre not the only ones that have greatly profited, most energy companies have, as we ve deregulated the market and largely privatised it to, this is good for competition, so, suck it up....

...profits are good....

....for who i do wonder though!

Podge_irl

https://www.boards.ie/discussion/comment/121862452#Comment_121862452

Because energy prices ultimately come down to a reference price basis a transparently traded free market. Government interference in price setting is a dangerous precedent to set.

Wanderer78

https://www.boards.ie/discussion/comment/121862522#Comment_121862522

....hahahaha, fcuking hell, free market libertarian's, you just gotta laugh!

...markets are transparent, seriously!

Victor

https://www.boards.ie/discussion/comment/121380772#Comment_121380772

The separation distance will have been specified in the wayleave or other agreement between EirGrid and the landowner. A distance of 10-20 metres might be typical.

Agreements like this are usually based on existing land values with existing uses, not some hypothetical future uses.

Podge_irl

https://www.boards.ie/discussion/comment/121862542#Comment_121862542

I am not a free market libertarian.

Yes, the price of energy is one of the most transparent ones around. It is an incredibly liquid and highly traded market.

Ash.J.Williams

https://www.boards.ie/discussion/comment/120418521#Comment_120418521

Think the esb's costs relating to reaching zero carbon is costing billions so that's where most of it is going

loremolis

https://www.boards.ie/discussion/comment/121862642#Comment_121862642

There is never a wayleave agreement for 110kV lines. SOmetime an easement is agreed and compensated for, but no wayleave agreement is ever put in place.