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as we are the sole owner we should have got the lot, unless the employees have a 15% share?"The Irish Independent understands the letter talks about the "strong commercial returns" the company has produced for the State, with the company paying out dividends of 815m over the last eight years, with 95m going to the exchequer"
So where did the other 720m go to?
But we don't have the highest prices. I just checked EDF in France, they are cheaper at 11.25c per kW/hr. Vatenfall in Germany, however, are charging 19.76 per kW/h, while Union Fenosa in Spain charges 16.50c. ESB's Urban 24 rate is 14.10c per kW/h which from my quick search seems relatively good.Have we now the highest ESB prices in Europe?
Of course you will have a good service.
Competiveness my ar...........
Fine Gael doesn't want to smash and grab anything. The only pieces our children will be picking up is the national debt. We need to reduce it and selling off non-essential state assets is crucial to making big savings.but should certainly not be sold off to the vultures that will strip it to its bare bones to create a quick profit leaving the children of the nation to pick up the pieces
Keeping all our semi-states does not ensure our future sovereignty. It's quite the opposite. Selling off the ESB and Bord Gáis will keep the IMF off our doorstep!!Any state company that produces a dividend should be held firmly in state hands to protect our future as a soverign nation and any state company that is making a loss should be streamlined in order to make a profit
down with the smash and grab merchants like the fine gael party........its a sad day when the majority of this country want these idiotic facists in power.
threatening countries with the IMF is nonsense , it actually makes ordinary folk rebel more . they will never come here but if they do you will see serious civil disobedience on the streets , people in hospitals will die un necessarily , schools will be empty , streets will be dark, The whole structure and safety of our country could be at stake ...... a few billion from the fire sale of vital state assests certainly wont keep the imf out . its the waste and the attitude from the few in power that need to be brought in line with the rest before we sell our souls to the devil.A country needs its vital assests kept at its own safety net to operate as a state , sure based on your advice our whole government and state should be controlled from Brussels and just do away with Ireland as a nation.Fine Gael doesn't want to smash and grab anything. The only pieces our children will be picking up is the national debt. We need to reduce it and selling off non-essential state assets is crucial to making big savings.
Fine Gael does NOT want to sell off our electricity network so you clearly don't know what you're talking about. We only want to sell off the companies that operate on the network. There's no reason why both ESB and Bórd Gáis should be in public ownership when they are competing with eachother. I think it's very unfair to the likes of Airtricity for example.
Not only can we raise many billions from the sale of these companies but we can also seriously drive down the cost of electricity in Ireland. Fuel poverty is a major issue in Ireland and it's completely unfair that the poorest can suffer with high electricity bills while unionised semi-state workers line their pockets with six-figure salaries and gold plated pensions.
Fully private ownership of these companies will drive the price of electricity down and we will ALL benefit from cheaper bills and more jobs. Jobs will be plenty if we can keep the price of electricity down. It's a major headache for companies wanting to set up here.
These benefits clearly outweigh the dividend that the state receives. The loss of these millions will easily be matched by renewed economic activity caused by the lower prices.
Keeping all our semi-states does not ensure our future sovereignty. It's quite the opposite. Selling off the ESB and Bord Gáis will keep the IMF off our doorstep!!
The ESB are paying dividends alright, but it's at the cost of households and businesses.From today's online Indo :
ESB highlights dividends to McCarthy - Irish, Business - Independent.ie
There's something for the smash and grab merchants to ponder.
Its money back to the exchequer no matter how you look at it. Money the exchequer would never get where the ESB privatised. Anyway, we all know why ESB prices are so high, driven up by a regulator in the silly attempt to attract in competition. Second highest from second lowest in less than a decade.The ESB are paying dividends alright, but it's at the cost of households and businesses.
If you want to see how inflated electricity prices in Ireland are compared to the rest of the EU then have a look at this IAE report.
We pay a 50% premium above average EU electricity prices. In 2009 household prices were highest out of 24 countries covered in the study. Industrial prices were the third highest.