ESB Making "Super Normal Profits" Due To Lack Of Competition In Irish Market

That's the claim from Laois-Offaly TD Barry Cowen.

The ESB has been extracting "super normal" profits from Irish consumers by taking advantage of a lack of competition in our energy market.

That's the claim from Fianna Fáil's Barry Cowen, who says the semi-state body's dominance has allowed it to sell power into the wholesale market at 10 times the normal level.

He says this is in turn driving up the costs for utilities - such as Energia and SSE Airtricity - who sell the electricity on to consumers.

He's calling on the Commission of Regulation of Utilities to carry out an investigation into how Irish consumers are being so severely impacted by the global rise in energy costs.

Speaking in the Dáil, the Laois-Offaly TD says the government has a responsibility to intervene:

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