ESB Chief Warns Storm Éowyn Costs Will Increase Electricity Bills for Customers

Hey, guess what I just read! Ireland’s electricity is already super pricey. They’re third highest in the EU, can you believe it? It’s also 52% above the EU average. It’s probably going to get even worse.

Storm Éowyn caused a whole lot of damage. The ESB CEO says costs will rise for everyone. He mentioned the storm was incredibly destructive, with high winds hitting the midlands, west, and northwest.

About 18,000 people still lack power. He told RTÉ that we’ll see the cost impact in 2026. Charges will find their way into the distribution network cost.

The storm’s devastation means increased costs for everyone. It’s a storm unlike anything they’ve seen. The public service levy won’t cover storm damage costs, as it normally helps with the national network’s development.

This levy doesn’t apply to situations like these. Customers will generally cover the repair expenses, which will increase the overall cost for everyone. Basically, our electricity bills will probably increase to cover national network repairs after the storm. Repairs could cost tens of millions of euros.