{"id":2072,"date":"2023-03-22T18:09:25","date_gmt":"2023-03-22T18:09:25","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/esb-windfall-profits-must-be-ring-fenced-for-those-in-energy-poverty\/"},"modified":"2023-09-15T12:30:45","modified_gmt":"2023-09-15T11:30:45","slug":"esb-windfall-profits-must-be-ring-fenced-for-those-in-energy-poverty","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/esb-windfall-profits-must-be-ring-fenced-for-those-in-energy-poverty\/","title":{"rendered":"ESB Windfall Profits Must Be Ring-Fenced For Those In Energy Poverty"},"content":{"rendered":"<p><em><strong>This is an obscene amount of profit for the ESB when so many of its customers are living in penury.<\/strong><\/em><\/p>\n<p>The government must ring-fence windfall profits in ESB to support the hundreds and thousands of people now living in energy poverty, according to Social Democrats Energy Spokesperson Jennifer Whitmore.<\/p>\n<p>Deputy Whitmore said:<\/p>\n<p>\u201cI attended a St Vincent de Paul briefing this morning on energy poverty, where TDs were told the service had received an unprecedented 230,000 requests for help last year. Hundreds and thousands of families are enduring extreme hardship because of a cost-of-living crisis primarily driven by sky-high energy costs.<\/p>\n<p>\u201cAs families around the country make choices about heating their homes or feeding their families, the ESB has announced a record \u20ac847 million profit. It has now recommended an enhanced dividend to be paid to the state of \u20ac327 million.<\/p>\n<p>\u201cHowever that still leaves the ESB with \u20ac231 million in profits this year. That is an obscene amount of profit for a State company when so many of its customers are living in penury.<\/p>\n<p>\u201cWe should not tolerate a situation whereby a State company is making monster profits, double last year\u2019s figure, while their customers are facing disconnections as a result of being unable to pay their bills.<\/p>\n<p>\u201cThe government should ensure that at least 75% of the windfall profits the ESB has amassed are collected via the dividend. This money must then be ring-fenced to support the ever increasing number of people who are living in energy poverty.\u201d<\/p>\n<p>22 March, 2023<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is an obscene amount of profit for the ESB when so many of its customers are living in penury. The government must ring-fence windfall profits in ESB to support the hundreds and thousands of people now living in energy poverty, according to Social Democrats Energy Spokesperson Jennifer Whitmore. Deputy Whitmore said: \u201cI attended a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[405,268,7],"tags":[],"class_list":["post-2072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate","category-jennifer-whitmore","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ESB Windfall Profits Must Be Ring-Fenced For Those In Energy Poverty - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/esb-windfall-profits-must-be-ring-fenced-for-those-in-energy-poverty\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESB Windfall Profits Must Be Ring-Fenced For Those In Energy Poverty - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"This is an obscene amount of profit for the ESB when so many of its customers are living in penury. The government must ring-fence windfall profits in ESB to support the hundreds and thousands of people now living in energy poverty, according to Social Democrats Energy Spokesperson Jennifer Whitmore. 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