You're not known as forty coats for nothing?
You're not known as forty coats for nothing?
Call into Noels tomorrow afternoon.Lads, fellas, Matlock...? What's the best investment for €500? Should I be getting onto IBKR or taking out membership in political parties?
Should I be doing like the lottery says and setting some aside for loved ones and charities?
Soundy you might want to sit down for this but the ESB are on track to make about 675 million this year so far more than 60 million a quarter.Won't somebody purleeeeeeeeeease think of the poor energy companies!!!!!!!!!
The ESB made 60M+ profit in one quarter alone, but but, they have to buy energy via oil and gas on the international market. Where do those high prices for gas and oil go as a matter of interest? Is it not to companies hiking their profits too?
Wat?
€40k might be good craic if you're young, fancy free and handing half of it to Benny... but if you have a mortgage, kids in school, car to run etc. you would be struggling fo sho
Explaining economics to Sound_Y is like explaining Latin to pencil. Sound_y and his crew want to dictate profits to companies, the simplest things are beyond their grasp. He complains about energy company profits and yet he and his party want to give them an open cheque book.Soundy you might want to sit down for this but the ESB are on track to make about 675 million this year so far more than 60 million a quarter.
As for the question of price qouging it is probably a bit more nuanced. Below are profits for the last 4 years.
2019 616 million
2020 682 million
2021 679 million
2022 675 million expected
The above indicates their profits have been fairly steady and thus indicates there has been no price gouging with the increase in prices merely that margins have been maintained to those of other years.
However that's not quite the full story, the spike in energy prices has meant those on a long term fixed contract i.e all government agencies (HSE etc) and whoever you work for you sponger, would have entered into a fixed rate contract under the government procurement process, meaning the ESB are selling electricity and gas to these agencies at a loss (last years prices) and to make up for that they are charging the rest of us a lot more than market rates would normally dictate.
Therefore it is individual households and small businesses who are basically subsidising large government agencies and possibly other large users of electricity like data centres if they too have long term contracts with the ESB.
Few questionsSoundy you might want to sit down for this but the ESB are on track to make about 675 million this year so far more than 60 million a quarter.
As for the question of price qouging it is probably a bit more nuanced. Below are profits for the last 4 years.
2019 616 million
2020 682 million
2021 679 million
2022 675 million expected
The above indicates their profits have been fairly steady and thus indicates there has been no price gouging with the increase in prices merely that margins have been maintained to those of other years.
However that's not quite the full story, the spike in energy prices has meant those on a long term fixed contract i.e all government agencies (HSE etc) and whoever you work for you sponger, would have entered into a fixed rate contract under the government procurement process, meaning the ESB are selling electricity and gas to these agencies at a loss (last years prices) and to make up for that they are charging the rest of us a lot more than market rates would normally dictate.
Therefore it is individual households and small businesses who are basically subsidising large government agencies and possibly other large users of electricity like data centres if they too have long term contracts with the ESB.
Same as me with Noels so.Half? Benny gets paid my wages directly at this stage
cormac o heardhra on drivetime gave pearse a bit of a gruelling.
According to the ESB 2022 interim results, it is 6 million down on same period last year.And according to the Times with regard to first 6 months profits are through the roof.
https://www.irishtimes.com/business...first-six-months-of-year-amid-surging-prices/