The_Banker
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Wages account for over 50% of the ESB's costs so oil/gas/coal prices are not as significant as some think.
Wages account for over 50% of the ESB's costs so oil/gas/coal prices are not as significant as some think.
When hell freezes over??Now that the price of oil has dropped to around $60 a barrel when can we expect to see the ESB or Bord Gais lower the prices to consumers?
When oil prices were heading towards $160 a barrel there seemed to be price rises every few months to keep the companies "in line with the global price of oil"...
Im sure there will be an announcement from either ESB or Bord Gais very soon
How much of that is current costs and how much are capital costs?2012 Annual Report [broken link removed]
ESB "total employee related costs" €626m (itself a staggering amount) out of total cost base of €3,066m, but almost equal to "fuel costs" of €810m.
Add in the falling value of the dollar versus the Euro and we should see even greater savings soon shouldn't we?...
frack em all gerry, frack em all .... I'll get my coat! :d
Most of the cost of fuel in this country is down to tax - about 80% of it apparently and most of that is fixed. So even if we were to see a cut in fuel costs it would be marginal...
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