Overall, adjusted operating profit for Bord Gáis Energy increased by 11 per cent to £31 million , on good wholesale trading performance and strong availability from the reopened Whitegate CCGT. Compared to 2020, the last full year that Whitegate was at full capacity, profit was lower.Bord Gáis said it would donate 10 per cent of adjusted operating profit to its energy support fund for vulnerable customers during the crisis.
“We recognise the current difficulties facing consumers in relation to energy costs. Our focus is on protecting our customers as much as we can right now, while also using our financial strength to make investments that will protect them in the future,” said Dave Kirwan, managing director of Bord Gáis Energy. “We’re committed to supporting our customers, particularly those who are most vulnerable through our Energy Support Fund, which amounts to €3.6 million based on today’s results.
The energy supplier increased electricity charges by 34 per cent and gas prices by 39 per cent in October. Bord Gáis recently announced an investment of €250 million in two peaker plants in Athlone and Dublin, a measure that will support the stability of the energy supply. **A YOY comparison with 2021 will show an 11% increase in operating profit, but it is worth noting that this is not an entirely accurate comparison as the Whitegate power plant was down for most of 2021 and so profit reported for that year was reduced when compared to the prior year, 2020, the last full year that Whitegate was operating normally.
Methinks a ploy to sidle out of paying windfall tax
Ya right we are the fools to believe that
The hell they were!