Pre-tax profits down at EirGrid
- Admin
- May 30, 2024
- 1 min read
Irish grid operator EirGrid reported a drop in pre-tax profits due to regulatory timing differences and higher operating costs in 2023. The underlying profit for 2023 increased compared to 2022. The company recorded a new maximum peak of demand in Ireland, with a significant portion of electricity coming from renewables. EirGrid is focusing on decarbonising the electricity system to meet government targets while ensuring security of supply. They are proposing to pay a dividend to the government, maintaining their commitment to supporting climate ambitions.
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