EirGrid Annual Report 2023

Описание: EirGrid Group, responsible for operating, developing and enhancing the electricity grid in Ireland, has released its 2023 Annual Report, which covers the period from 1 October 2022 to 30 September 2023 and outlines the financial and business performance of this period.

Group profit before tax was €71.2 million, down from €114.9 million in 2022 due to regulatory timing differences and higher operating costs reflecting the increasing scale and complexity of the business. Excluding the impact of over and under recoveries on reported profit, management’s estimate of the underlying profit for 2023 was €40.6 million, up from €26.3 million in 2022.

The related over-recovery will be returned to Transmission Use of System (TUoS) customers through a reduction in tariffs in future years. The company is proposing to pay a dividend of €4 million to the Government, unchanged from last year.

Learn more: https://www.eirgrid.ie/eirgrid-group-...