Cowen calls on State to sell off ESB

21 comments
  1. Cowens crusade against the ESB has been quite impressive.

    He must have been estimating his use for years and finally got a networks reading.

  2. >Mr Cowen’s claims that the **ESB overcharged customers and businesses to the tune of €250m over three months** — revealed in the Irish Examiner last week — have been referred to European authorities.

    Was he dropped as a baby several times? The solution for a state owned business allegedly overcharging customers is not selling it to the private market which will likely exploit their dominant position even more. A private equity firm would love to exploit this dominant position

  3. Why sell it off, it makes the government around 90 million a year and and invests around 1 billion a year into energy infrastructure. Yes selling it off would get them a load of cash but that’s like selling your house to a landlord, eventually the landlord is gonna make more money than you sold it for

  4. Mr Cowen runs crying to the CRU who are the ones who regulate the prices 🤷 ESB and the CRU must debate the pricing of ESB’s jobs, ESB take the flack of that agreement.

    ESB is also owned nearly in majority by the state so the state should have leverage in their procedures as a large stakeholder, them selling off ESB would be them selling their stake and also their say

    Also pricing of raw materials has sky rocketed, a huge investment is being pushed for green energy which is a multi billion euro investment yet securing those funds is seen as downright fraud to Mr Barry.

    Global prices are soaring it’s not just Ireland, privatisation definitely is not the answer

  5. Privatise our electricity supply? Is he fucking for real? No wonder the pricks won’t nationalise Irish Water.

  6. he’s on his way to joining the John and Gemma gang…

    Whether it by chance or smart decision making, we have held on to our electricity and water utilities long enough to see the disastrous effects of privatisation in other countries. Not to mention what we’ve experienced with Eircom and privatising services like bin collection, lotto etc. These must be filed under untouchable.

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