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Energy company profits not tied to prices says watchdog

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Energy company profits not tied to prices says watchdog via IrishTimesBiz

Aoife MacEvilly of the Commission for Regulation of Utilities responded that her organisation found no relationship between prices and energy comapanies’ profits.

“They can change over time, it’s difficult to identify a trend,” she told the Oireachtas Committee on Environment and Climate Action. Earlier, chairman Brian Leddin TD, said members were disappointed that the CRU had not provided a formal opening statement before its appearance at the committee.

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“Bríd Smith TD pointed out at an Oireachtas committee on Tuesday that she had figures showing ESB Networks profits increased by €76 million to €206 million last year” ESB accounts not published yet. She’s making up stuff again.

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