Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Fuel Costs: Competition and Consumer Protection Commission

Photo of Paul MurphyPaul Murphy (Dublin South West, RISE) | Oireachtas source

That includes war profiteering. It includes the examples of Energia with three price increases in the first six months of last year, a 51% increase in profits; the ESB had big price increases and a 27% increase in profits; Bord Gáis Energy, owned by Centrica, doubled its profits last year set against a 39% increase in the cost of gas coming up shortly. All of that is perfectly legal.

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